Venezuela's 1953 issue coincided with the consolidation of Marcos Pérez Jiménez's dictatorship following the November 1952 election — results that were suppressed and reversed by military decree. The Banco Central continued issuing notes through Thomas De La Rue under relatively stable monetary conditions; oil revenues were sustaining the bolívar at artificially strong exchange rates, and 100-bolívar notes of this period circulated primarily in commercial and governmental transactions rather than reaching ordinary retail use.
De La Rue's watermark security on this series is a simple geometric pattern, modest by the firm's own standards of the period.
Venezuela's 1953 issue coincided with the consolidation of Marcos Pérez Jiménez's dictatorship following the November 1952 election — results that were suppressed and reversed by military decree. The Banco Central continued issuing notes through Thomas De La Rue under relatively stable monetary conditions; oil revenues were sustaining the bolívar at artificially strong exchange rates, and 100-bolívar notes of this period circulated primarily in commercial and governmental transactions rather than reaching ordinary retail use.
De La Rue's watermark security on this series is a simple geometric pattern, modest by the firm's own standards of the period.