Theses banknotes were issued in emergency to solve the shortage of coins during 1988-1989, as a consequence of illegal funding to obtain nickel due to the high price of this metal in comparison to it's face value. The banknotes that are part of these issues are 1 Bolívar, 2 Bolívares and 5 Bolívares (Design B, type B).
Equivalence in predecessor monetary units
This denomination is equivalent in value to "40 Centavos" (from the monetary units "Venezolano" and "Peso Fuerte"), "4 Reales" and "1/2 Peso" (from the monetary unit "Peso Fuerte")
Banknotes from the Banco Central de Venezuela (issues from 1940-March 1989) and Centralized banknote issues of Venezuela (issues from September 1989-2007) by Sergio Sucre Castillo, which have more details and deep information about banknote issues from Banco Central de Venezuela. If you are interested to purchase a copy you can contact the author at the email address in the bibliographic reference section.