Venezuelan Bolívar in Brazilian Real

VEF Venezuelan Bolívar

Country of application:
Venezuela

Coin denominations in circulation:
500, 100, 50, 25, 5, 2 and 1 bolivar, 50, 25, 10, 5 centimos.

Denominations of banknotes in circulation:
50,000, 20,000, 10,000, 5000, 2000, 1000, 500, 100, 50, 20, 10 and 5 bolivars.

History reference:
Bolivar is first a minor (in 1871-1879), and then the main (from 1879 to 2018) monetary unit of Venezuela. Bolívar is named after Latin American independence hero Simón Bolívar. The bolívar was passe...d under the Monetary Law of 1879, replacing the short-lived Venezolano at a rate of five bolívares to one Venezolano. The bolivar was originally defined by a silver standard, equal to 4.5 grams of pure silver, following the principles of the Latin Monetary Union. The monetary law of 1887 made the gold bolivar unrestricted legal tender, and the gold standard came into full force in 1910. Venezuela abandoned gold in 1930, and in 1934 the exchange rate of the bolivar was fixed in US dollars at a rate of 3.914 bolivars = US$1, valued at 3.18 bolivars = US$1 in 1937, a rate that lasted until 1941 Until February 18, 1983 (now called Black Friday (Viernes Negro) by many Venezuelans), the Bolívar was the most stable and internationally recognized currency in the region. It then fell victim to a massive devaluation.

BRL Brazilian Real

Country of application:
Brazil

Coin denominations in circulation:
1 real, 50, 25, 10, 5 and 1 centavo.

Denominations of banknotes in circulation:
100, 50, 20, 10, 5, 2 and 1 real.

History reference:
The Brazilian Real is the official currency of the Republic of Brazil. In Brazil, discovered in 1500 and for a long time being a colony of Spain, there was no single currency for a long time, after w...hich the Spanish real took its place. The word "Real" used today as the name of the Brazilian currency during the Middle Ages was the name of the Spanish and Portuguese gold coins, meaning "royal". In 1690, the Real became the official currency of Brazil. However, due to its depreciation and the uninterrupted process of inflation, only banknotes of huge denominations (from 1 thousand to 1 million) were used in circulation, therefore it is generally accepted that the actual Brazilian currency in the period from 1690 to 1942. was Reis (the plural meaning of the word real had the form reis, over time it transformed into reais). Reiss symbol was Rs.