Maduro has announced that after the currency redenomination has carried out on 20 August 2018, these old denominations with a face value of 1,000 bolívares fuertes or higher will circulate in parallel with the new series of bolívar soberano notes and will continue to be used for a limited time. Banknotes with a face value below 1000 bolívares fuertes were withdrawn from circulation and ceased to be legal tender on 20 August 2018. They have to be deposited in local banks.