bolivar fuerte

Encyclopedia

bolivar fuerte

monetary unit of Venezuela. Each bolivar fuerte is divided into 100 centimos (cents). The bolivar fuerte (the equivalent of 1,000 bolivares) was introduced in 2008 in an attempt to curb high inflation and simplify financial transactions. It replaced the bolivar, which had been adopted as Venezuela's monetary unit in 1879. Prior to 1879, independent Venezuela used three separate currencies: the escudo, the peso, and the venezolano.

Learn more about bolivar fuerte with a free trial on Britannica.com.

Encyclopedia Britannica, 2008. Encyclopedia Britannica Online.
Cite This Source
Explore Dictionary.com
Previous Definition: bolivar
Next Definition: bolivar pico
Words Near: bolivar fuerte
More from Thesaurus.com
Synonyms and Antonyms for bolivar fuerte
More from Reference.com
Search for articles containing bolivar fuerte
More from Dictionary.com Translator
Dictionary.com Word FAQs

Dictionary.com presents 366 FAQs, incorporating some of the frequently asked questions from the past with newer queries.

Copyright © 2014 Dictionary.com, LLC. All rights reserved.
  • Please Login or Sign Up to use the Recent Searches feature