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20 000 Bolívares

Issuer Banco Central de Venezuela
Year 1998
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Reference(s) P#82
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Obverse lettering BANCO CENTRAL DE VENEZUELA
VEINTE MIL BOLIVARES
20000
PAGADEROS AL PORTADOR EN LAS OFICINAS DEL BANCO
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Reverse lettering BANCO CENTRAL DE VENEZUELA
VEINTE MIL BOLIVARES
20000
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Comments

The 1998 date on P#82 is the issue date, not the print date — the plates originate from American Bank Note Company work done decades earlier, a recycled design approach the BCV used repeatedly during the hyperinflationary spiral of the 1990s when new intaglio commissioning was neither fast nor cheap enough to keep pace with denomination requirements.

The 20,000 bolívar denomination itself existed because Venezuela's inflation had rendered lower notes nearly worthless for everyday transactions by the mid-1990s. The bolívar was redenominated in 2008 at a ratio of 1,000:1, making this note worth 20 new bolívares fuertes on paper — and almost nothing in practice well before that.