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
Venezuelan venezolano These were followed in 1875 by gold 5 venezolanos and in 1876 by cupro-nickel 1 and 2½ centavos. Banknotes were produced by the "Compañia de Crédito", the "Banco de Caracas" and the State of Guayana. Denominations included 50 centésimos and 1, 2, 4, 5, 8, 10, 20, 50 and 100 venezolanos Venezuelan venezolano The venezolano was the currency of Venezuela between 1872 and 1879. It was divided into 100 "centavos", although the names "céntimo" and "centésimo" were also used. Venezolano was also the name of two currencies planned in 1854 and 1865 (see Currency of Venezuela). Given the inability of