5 Bolívares 200th Anniversary of the Battle of Carabobo

The Battle of Carabobo, fought on 24 June 1821, effectively ended Spanish royal authority over Venezuela — the bicentennial commemoration in 2021 came as the country was deep into one of the worst hyperinflationary collapses in modern history. By the time this note was issued, Venezuela had already introduced its second redenominated currency in three years, the digital bolívar, in October 2021, which stripped six more zeros from the monetary system. A commemorative 5 bolívares note issued into that environment was, practically speaking, worthless on arrival.

Printing at Casa de la Moneda in Maracay rather than contracting abroad reflects a long-standing policy preference, though the facility has faced well-documented capacity and supply chain constraints through the crisis years.