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200 Bolívares

Issuer Banco Central de Venezuela
Year 2018
Type Standard circulation banknote
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Protection type Watermark, Security thread
Protection description Watermark portrait of Francisco de Miranda visible in the reserved zone on the right side of both faces; embedded security thread running vertically through the note.
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Comments

Venezuela's 200 bolívar note arrived in 2018 already economically irrelevant. By that point, hyperinflation — officially acknowledged by the IMF as exceeding one million percent annually — had rendered denominations of this scale meaningless for any ordinary transaction. The government's response was to issue higher values while simultaneously refusing to acknowledge the scale of the collapse, which produced a cascade of new notes that were outdated almost at the moment of printing.

The 12.175 million print run is modest by crisis-era standards, partly because the 2018 sovereign bolívar redenomination (lopping five zeros off the strong bolívar) rendered the entire preceding series obsolete before most notes reached circulation.

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