VENEZUELA

(VEF) Currency News >>

CURRENCY:

Bolívar Fuerte - VEF, Symbol Bs.F

DENOMINATIONS:

NOTE: Bs.F.100, 50, 20, 10, 5 and 2.

COIN: Bs.F.1, and 50, 25, 12.5, 10, 5 and 1 céntimos.

US DOLLAR ACCEPTED:

Yes, widely.

CREDIT/DEBIT CARDS AND ATMS:

Most major credit cards are accepted in main towns. ATM machines are found at major banks.

CURRENCY EXCHANGE:

This service is available at bureaux de change and banks. Some hotels offer this too but at a less favourable rate. It is wise to bring US dollars.

TRAVELLER'S CHEQUES:

These are best by American Express and are best in US dollars. Note you may be asked to show your proof of purchase.

BANKING HOURS:

Mon-Fri 0830-1530

CURRENCY RESTRICTIONS:

No Restrictions.

COUNTRY OVERVIEW:

Venezuela is officially called the Bolivarian Republic of Venezuela and is in South America, on the northern coast. It was once a colony of Spain. Part of its name is from Simon Bolivar, who won the Battle of Carabobo in 1821 and therefore the country was liberated. The capital is Caracas and the official language is Spanish.

POPULATION:

Around 28 million

ECONOMY:

The mainstay of Venezuela's mixed economy is petroleum and makes up around a third of its GDP. Some of the largest oil and natural gas reserves of the world are found in Venezuela. The world's least expensive petrol is found here.