VEF - Venezuelan Bolívar

Venezuela, Bolívar

The Venezuelan Bolívar is the currency of Venezuela. Our currency rankings show that the most popular Venezuela Bolívar exchange rate is the VEF to USD rate. The currency code for Bolívares is VEF, and the currency symbol is Bs.. Below, you'll find Venezuelan Bolívar rates and a currency converter. You can also subscribe to our currency newsletters with daily rates and analysis, read the XE Currency Blog, or take VEF rates on the go with our XE Currency Apps and website.

Notice: The Bolivar Fuerte has two official rates. More info 

Top VEF Exchange Rates

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Currency Facts

VEF Stats

Name: Venezuelan Bolívar

Symbol: Bs. céntimo: ¢

Minor Unit:
1/100 = céntimo

Top VEF Conversion:

Top VEF Chart:

VEF Profile

Inflation: 62.20%

Nicknames: bolo(s), luca(s)

Freq Used: Bs.1, 10¢, 25¢, 50¢
Rarely Used: 5¢, 1¢, 12¢

Freq Used: Bs.2, Bs.5, Bs.10, Bs.20, Bs.50, Bs.100

Central Bank:
Banco Central de Venezuela

Users: Venezuela

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Venezuelan Bolívar History

On January 2010, the government of Venezuela created a two-tiered official exchange rate system. Imports designated as "non-essential" receive a rate of 4.3 bolivares per dollar, and "essential" goods are exchanged at a rate of 2.6. There is also a third and unofficial exchange rate in the black market valued at around 6.8 bolivares per dollar (March 2010).

The Venezuelan government decides what "essential" goods qualify for the 2.6 rate. They include imports for sectors related to food, health, education, equipment, and technology; remittances to relatives settled abroad; students' academic expenses abroad; expenses related to health, sport, culture, and scientific investigations; payments to retired and resident pensioners abroad; and currency conversions related to diplomatic activities. Full details (in Spanish) can be found through the Central Bank of Venezuela.