200 000 Bolívares

Venezuela's hyperinflationary spiral forced repeated redenominations throughout the late 2010s and into the 2020s, yet the government kept issuing higher-denomination paper rather than adopting a stable anchor currency. This 200,000 bolívar note appeared under the "bolívar soberano" system introduced in 2018, itself a redenomination that lopped five zeros off the old bolívar fuerte — meaning this face value equated to 20,000,000,000 of the pre-2008 unit.

Printed domestically at the Casa de la Moneda in Maracay rather than abroad, the series reflected Caracas's insistence on self-sufficiency even as the physical quality of output declined noticeably compared to earlier BCV issues printed by De La Rue or ABNC.