VES · VES
Venezuelan bolívar soberano (VES)
The Venezuelan Bolívar Soberano (VES) is the official currency of Venezuela, introduced in 2018 to replace the previous bolívar fuerte. This page provides an overview of its history, characteristics, and role in the economy.
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VES · Venezuelan bolívar soberano
VES - Venezuelan Bolívar Soberano Overview
The Venezuelan Bolívar Soberano (VES) is the official currency of Venezuela, introduced on August 20, 2018, as part of a monetary reform to address hyperinflation. It replaced the previous bolívar fuerte at a rate of 1:100,000. The currency is issued by the Central Bank of Venezuela and is subdivided into 100 céntimos, though in practice, céntimos are rarely used due to high inflation.
The VES has faced significant challenges, including extreme inflation and devaluation, leading to the widespread use of foreign currencies, particularly the US dollar, in everyday transactions. The government has implemented various measures, such as currency redenominations and digital payment systems, to stabilize the economy. However, the currency remains volatile, and its exchange rate is subject to frequent fluctuations.
Despite these challenges, the VES remains legal tender in Venezuela. It is used for official transactions, and the government continues to promote its use. For those dealing with the VES, it is essential to stay informed about current exchange rates and economic policies, as the currency's value can change rapidly. This page provides general information and does not constitute financial advice.
- Code
- VES
- Symbol
- VES
- Current rate
- USD / VES
Currency information
Last updated · 8/7/2026
Introduced on August 20, 2018, replacing the bolívar fuerte at a rate of 1 bolívar soberano = 100,000 bolívares fuertes.
- Official name
- bolívar soberano
- Legal tender status
- Legal tender in Venezuela
- Decimal places
- 2
- Minor unit
- céntimo · 1 VES = 100 céntimo
- Countries
- Venezuela
- Issuing authority
- Central Bank of Venezuela
- Central bank
- Central Bank of Venezuela · Official website
- Exchange-rate regime
- Managed float
Common banknotes
Bs.S 2 · Bs.S 5 · Bs.S 10 · Bs.S 20 · Bs.S 50 · Bs.S 100 · Bs.S 200 · Bs.S 500
Common coins
Bs.S 0.01 · Bs.S 0.05 · Bs.S 0.10 · Bs.S 0.25 · Bs.S 0.50 · Bs.S 1
Also known as
bolívar · sovereign bolívar · Venezuelan bolívar soberano · bolívar soberano · VES · Bs.S
Practical notes
- The currency is subject to high inflation.
- The symbol Bs.S is commonly used.
Venezuelan bolívar soberano questions
What is the VES exchange rate?
The displayed rate is the latest available reference rate for USD/VES. It can change throughout the day.
How can I convert VES online?
Use the converter above to calculate indicative amounts between VES and the other supported currencies.