10 Bolívares magnetic

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.