Catalog
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| Issuer | Banco Central de Venezuela |
|---|---|
| Year | 2000-2002 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Nickel clad steel |
| Weight | Log in to see details |
| Diameter | Log in to see details |
| Thickness | Log in to see details |
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| Engraver(s) | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
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| Obverse lettering | Log in to see details |
| Reverse description | Left-facing bust of Simón Bolívar contained within a heptagonal inner border. The legend 'BOLÍVAR LIBERTADOR' flanks the portrait on either side, with the engraver's name 'BARRE' inscribed at the base of the bust. |
| Reverse script | Latin |
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| Additional information |
Venezuela switched to nickel clad steel for this denomination in 2000 largely as a cost-cutting measure, as the country's oil revenues had become increasingly unreliable through the late 1990s following the 1998 price collapse. The magnetic core also served as a practical anti-counterfeiting measure at a moment when confidence in Venezuelan institutions was eroding rapidly — Hugo Chávez had just won the presidency and a new constitution had been ratified, reshaping the Banco Central's operational framework in ways that would accelerate over the following decade.
Production ran only through 2002, the year of both a general strike and a brief coup attempt against Chávez, after which circulating coinage policy shifted considerably.