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200.000 Bolívares

Issuer Banco Central de Venezuela
Year 2020
Type Vouchers
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Obverse description The obverse presents a portrait of Simón Bolívar in the lower centre, rendered in intaglio against a fine guilloche underprint with a green security band. The denomination '200 MIL BOLÍVARES' is printed in large numerals at the upper left, surmounted by the inscription 'República Bolivariana de Venezuela'. The date '3 DE SEPTIEMBRE DE 2020' and the payability clause 'PAGADEROS AL PORTADOR EN LAS OFICINAS DEL BANCO' appear in the upper portion, flanked by two facsimile signatures above their respective titles.
Obverse lettering República Bolivariana de Venezuela
200 MIL BOLÍVARES
3 DE SEPTIEMBRE DE 2020
PAGADEROS AL PORTADOR EN LAS OFICINAS DEL BANCO
PRESIDENTE BCV
PRIMER VICEPRESIDENTE BCV
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Comments

Venezuela's 2020 redenomination — which lopped six zeroes off the bolívar fuerte to create the bolívar soberano — had already rendered high-denomination notes like this one a product of its own failure. The 200,000 bolívar soberano note appeared as hyperinflation continued to accelerate past the point where any printed denomination could keep pace with daily prices. By the time notes of this face value entered circulation, they were worth fractions of a US dollar.

Printed domestically, the series relied on basic security features at a moment when Venezuela's own currency-printing infrastructure had been severely strained by years of economic collapse and supply shortages.

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