20 Bolívares magnetic

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.