Catalog
20 Bolívares magnetic
| Issuer | Banco Central de Venezuela |
|---|---|
| Year | 2000-2002 |
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| Composition | Log in to see details |
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| Engraver(s) | Jean-Jacques Barre (original design) |
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| Obverse description | Log in to see details |
|---|---|
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| Obverse lettering | •REPÚBLICA BOLIVARIANA DE VENEZUELA• 20 BOLÍVARES 2001 (Translation: Bolivarian Republic of Venezuela 20 Bolivares 2001) |
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| Edge | Smooth |
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| Additional information |
Venezuela's shift to nickel-clad steel for this denomination was driven by the chronic devaluation of the bolívar through the late 1990s, which made the intrinsic metal value of earlier alloy compositions an increasingly awkward accounting problem for the central bank. The magnetic property — a practical consequence of the steel core — was specifically required for compatibility with updated coin-handling infrastructure being rolled out across Venezuelan banking at the time.