The Central Bank of Venezuela sets official rates, which are often different from the black market rate. Collectibility
Six more zeros were removed, bringing the total zeros removed to 14. Current Currency Landscape (As of 2026) Official Name: Bolívar Digital. bolivar
The Venezuelan Bolivar (VES) has a complex history defined by extreme hyperinflation, causing the government to repeatedly redenominate the currency. As of October 2021, the current currency, known as the "Bolivar Digital," represents the latest effort to simplify transactions by removing six zeros from the previous "Bolivar Soberano". The Central Bank of Venezuela sets official rates,