VEB · VEB
Venezuelan bolívar (VEB)
The VEB was the currency of Venezuela until 2008, when it was replaced by the bolívar fuerte (VEF) at a rate of 1,000 to 1.
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VEB · Venezuelan bolívar
VEB: The Venezuelan Bolívar (Pre-2008)
The Venezuelan bolívar (VEB) was the official currency of Venezuela from 1879 until 2008. Named after Simón Bolívar, the liberator of South America, the currency underwent several changes and devaluations over its long history. In 2008, due to high inflation, the government introduced the bolívar fuerte (VEF) as a new currency, with 1,000 VEB equal to 1 VEF. This redenomination was part of a monetary reform aimed at simplifying transactions and stabilizing the economy.
Throughout its existence, the VEB experienced significant fluctuations in value, particularly in the latter decades. The currency was subject to exchange controls and multiple devaluations, which affected both domestic purchasing power and international trade. The Central Bank of Venezuela issued banknotes and coins in various denominations, with the highest banknote being 100,000 VEB before the redenomination.
Today, the VEB is obsolete and no longer in circulation. It has been replaced by subsequent currencies, including the VEF and later the bolívar soberano (VES) in 2018. For historical and numismatic purposes, the VEB remains a subject of interest, but it holds no current monetary value. This page provides factual information about the VEB for educational and reference purposes.
- Code
- VEB
- Symbol
- VEB
- Current rate
- USD / VEB
Currency information
Last updated · 8/7/2026
Introduced in 1879, replacing the venezolano.
- Official name
- bolívar
- Legal tender status
- Withdrawn
- Decimal places
- 2
- Minor unit
- céntimo · 1 VEB = 100 céntimo
- Countries
- Venezuela
- Issuing authority
- Central Bank of Venezuela
- Central bank
- Central Bank of Venezuela · Official website
- Exchange-rate regime
- Fixed to the US dollar at various rates; later floated.
Common banknotes
Bs. 2,000 · Bs. 5,000 · Bs. 10,000 · Bs. 20,000 · Bs. 50,000 · Bs. 100,000
Common coins
Bs. 10 · Bs. 20 · Bs. 50 · Bs. 100 · Bs. 500 · Bs. 1,000
Also known as
bolívar · Bs. · Venezuelan bolívar · VEB
Practical notes
- The VEB was redenominated at a rate of 1,000 VEB to 1 VEF in 2008.
Priority currency pairs
The most useful conversions for this currency.
Venezuelan bolívar questions
What is the VEB exchange rate?
The displayed rate is the latest available reference rate for USD/VEB. It can change throughout the day.
How can I convert VEB online?
Use the converter above to calculate indicative amounts between VEB and the other supported currencies.