This coin belongs to Venezuela's "Bolívar Fuerte" redenomination series, introduced in 2008 when the government of Hugo Chávez lopped three zeros off the old bolívar to address chronic inflation. The reform was largely cosmetic — underlying monetary pressures were never resolved, and within a decade the country would undergo a second redenomination, rendering these coins functionally worthless long before they wore out.
This coin belongs to Venezuela's "Bolívar Fuerte" redenomination series, introduced in 2008 when the government of Hugo Chávez lopped three zeros off the old bolívar to address chronic inflation. The reform was largely cosmetic — underlying monetary pressures were never resolved, and within a decade the country would undergo a second redenomination, rendering these coins functionally worthless long before they wore out.