Currency of Venezuela 1, 2009. In preparation for the conversion, all prices had been expressed in both bolívars and bolívars fuerte since October 1, 2007. Currency of Venezuela This article provides a historical summary of the currency used in Venezuela since the end of the 18th century. For the present currency of Venezuela, see Venezuelan bolívar. Peso = 8 Reales (silver) Escudo = 2 Pesos (gold) History Venezuela shared the common Spanish-American monetary system, based on the silver peso and the gold escudo, current throughout Spanish America. Trade, especially in cacao, brought money to the colony in the late 17th century in the
Euro gold and silver commemorative coins (Spain) the other in Burgos. Silver 2000-peseta coins have been minted every year since 1994. Each year a €12 silver coin is released to continue this tradition in the new currency. The first of such was in 2002 celebrating Spain’s presidency of the E.U. Each of the participating countries issues a sister coin dedicated to a particular theme. Each coin also depicts the coat of arms of the other countries. The participants are Argentina, Cuba, Ecuador, Guatemala, Mexico, Nicaragua, Paraguay, Peru & Portugal. In 2003 the 5th series was released the theme was "Sailing", this was later followed by the 6th