Catalog
1 Bolívar magnetic
| Issuer | Casa de Moneda de Venezuela |
|---|---|
| Year | 2012 |
| Type | Log in to see details |
| Value | 1 Bolivar (1 VEF) |
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| Composition | Log in to see details |
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| Diameter | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
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| Reverse description | Draped bust of Simón Bolívar facing left, occupying the central brass-plated steel ring. The engraver's name 'BARRE' appears at the base of the portrait, with the mint mark of the Casa de Moneda de Venezuela (Maracay) positioned to the right. A horizontal wave pattern fills the background field. The legend 'BOLÍVAR LIBERTADOR' curves along the outer ring. |
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| Mintage | 2012 |
| Additional information |
Venezuela's 2012 bimetallic bolívar series was issued as part of the Bolívar Fuerte currency family, itself introduced in 2008 when the government redenominated at 1,000:1 to strip zeros accumulated during years of chronic inflation. The magnetic steel construction was a cost-reduction measure adopted across multiple denominations as the country's fiscal position deteriorated under falling oil revenues and bolivar depreciation — the same pressures that would eventually render the entire Bolívar Fuerte series obsolete by 2018, when redenomination was repeated.