Catalog
12 1/2 Céntimos 'Locha'
| Issuer | Banco Central de Venezuela |
|---|---|
| Year | 2007 |
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| Value | 121/2 Centimos (0.125 VEF) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse script | Latin |
| Obverse lettering | • REPÚBLICA BOLIVARIANA DE VENEZUELA • 2007 (Translation: Bolivarian Republic of Venezuela) |
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| Additional information |
The 2007 redenomination program that produced this piece was part of Venezuela's preparation for the Bolívar Fuerte reform, which lopped three zeros off the currency effective January 2008. The locha — a colonial-era accounting unit dating to Spanish rule — was retained as a denomination name long after it had any practical purchasing power, a folk persistence that monetary reformers apparently found worth preserving rather than eliminating.