Historical overview
Founded in Valencia in December 1883 by Domingo Olvararría with capital of Bs. 800.000. In 1890,
Banco de Venezuela bought this bank.
Monetary Unit Name
Bolívar of Silver (1879-1918)
Bolívar of Gold (1918-1974)
Bolívar (1974-2007)
Monetary System
100 Céntimos = 1 Bolívar
Time Period
From 1879 through December 31st 2007, which has been replaced by "
Bolívar Fuerte".
Monetary equivalence
5 Céntimos = 1 Centavo (Venezolano)
1 Bolívar = 20 Centavo (Venezolano)
5 Bolívares = 1 Venezolano
1000 Bolívares = 1 Bolívar Fuerte