Thursday, October 25, 2007

Venezuela: Unique look for new currency

The Venezuelan National Bank introduced a new look for a new form of currency set to take effect in January 2008. The new money- dubbed the Bolivar fuerte (“strong Bolivar”)- will prominently feature Venezuela’s flora and fauna as well as national heroes of female, African, and indigenous descent:

The 5 bolivares bill will be dark yellow with the image of the Lieutenant Pedro Camejo, as known as Negro Primero, due to his participation at the Independence War. On its back it will have the image of two Giant Armadillos with the Venezuelan plains on the background…
The twenty bolivares bill tributes Venezuela's women with the addition of the image of Luisa Cáceres de Arismendi, who was the wife of the military patriot leader Juan Bautista Arismendi. On its back, it has La Restinga National Park with two Hawksbill Turtles.

The “strong Bolivar” will simplify detonations by removing three zeroes from the current currency of Venezuela- the Bolivar. Much like the Bolivar, the “strong Bolivar” is expected to retain a fixed exchange rate with the U.S. dollar.

Sources- Mathaba.net, eluniversal.com, International Herald Tribune

Image- TalCualDigital.com (Venezuelan Bolivar coin)

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