VEF - Venezuelan Bolivar Fuerte
The Venezuelan Bolivar Fuerte is the currency of Venezuela. Our currency rankings show that the most popular Venezuela Bolivar Fuerte exchange rate is the VEF to USD rate. The currency code for Bolivares Fuertes is VEF, and the currency symbol is Bs. F. Below, you'll find Venezuelan Bolivar Fuerte rates and a currency converter. You can also subscribe to our currency newsletters with daily rates and analysis, read Venezuelan Bolivar Fuerte News, or take VEF rates on the go with our XE Apps apps and website.
Notice: The Bolivar Fuerte has two official rates. More info ►
Top VEF Cross Rates
Currency Facts
Name: Venezuelan Bolivar Fuerte
Symbol: Bs. F céntimo: ¢
Minor Unit:
1/100 = céntimo
Top VEF Conversion:
VEF/USD
Top VEF Chart:
VEF/USD Chart
Inflation: 28.7%
Coins:
Freq Used: Bs. F1, 5¢, 10¢, 25¢, 50¢
Rarely Used: 1¢
Banknotes:
Freq Used: Bs. F2, Bs. F5, Bs. F10, Bs. F20, Bs. F50, Bs. F100
Rarely Used:
Central Bank:
Banco Central de Venezuela
Website: http://www.bcv.org.ve
Users: Venezuela
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Universal Currency Converter
Why are you interested in the VEF?
Venezuelan Bolivar Fuerte History
On January 2010, the government of Venezuela created a two-tiered official exchange rate system. Imports designated as "non-essential" receive a rate of 4.3 bolivares per dollar, and "essential" goods are exchanged at a rate of 2.6. There is also a third and unofficial exchange rate in the black market valued at around 6.8 bolivares per dollar (March 2010).
The Venezuelan government decides what "essential" goods qualify for the 2.6 rate. They include imports for sectors related to food, health, education, equipment, and technology; remittances to relatives settled abroad; students' academic expenses abroad; expenses related to health, sport, culture, and scientific investigations; payments to retired and resident pensioners abroad; and currency conversions related to diplomatic activities. Full details (in Spanish) can be found through the Central Bank of Venezuela.
