1 Céntimo

These cents were introduced as part of Venezuela's 2008 monetary redenomination, which replaced the bolívar at a rate of 1,000 to 1, creating the bolívar fuerte. The redenomination was driven by chronic inflation that had rendered small-denomination coins functionally worthless — the new 1 céntimo was worth, nominally, what the old 10 bolívares had been. In practice, even the redenominated unit bought almost nothing. Circulation was brief and largely symbolic; by the early 2010s, inflation had already begun eroding the fuerte itself toward the same fate.