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10 Bolívares

Issuer Banco Central de Venezuela
Year 2018
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Size 156 × 69 mm
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Reverse description The Venezuelan national crest appears at the right, flanking a central vignette of the Oso Palmero (giant anteater, Myrmecophaga tridactyla) set against a background evoking the Catatumbo lightning phenomenon over Lake Maracaibo, rendered in deep blue and violet tones. An oil derrick vignette occupies the right border, referencing Venezuela's petroleum heritage. The composition integrates fine guilloche work with the denomination and issuing authority inscriptions.
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Protection type Watermark
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Comments

Venezuela's hyperinflation crisis rendered this note effectively worthless within weeks of issue. The 2018 series was part of a desperate sequence of redenominations — the sovereign bolívar (bolívar soberano) replaced the strong bolívar (bolívar fuerte) at a rate of 1,000 to 1 in August 2018, which itself followed years of triple-digit and then quadruple-digit inflation driven by collapsing oil revenues and price controls.

A print run of just over 12 million is strikingly low for a country that was simultaneously printing hundreds of millions of higher denominations to keep up with daily price increases. The single watermark security feature reflects how little investment the BCV could justify in a denomination that would lose practical utility almost immediately.

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