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500.000 Bolívares

Issuer Banco Central de Venezuela
Year 2020
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Value 500.000 Bolívares
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Obverse lettering República Bolivariana de Venezuela
500 MIL BOLÍVARES
3 DE SEPTIEMBRE DE 2020
PAGADEROS AL PORTADOR EN LAS OFICINAS DEL BANCO
PRESIDENTE BCV
PRIMER VICEPRESIDENTE BCV
SIMÓN BOLÍVAR
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Reverse lettering Banco Central de Venezuela
500 MIL
500 MIL
500 MIL
500 MIL
500 MIL BOLÍVARES
Mausoleo del Libertador Simón Bolívar
CASA DE LA MONEDA - VENEZUELA
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Venezuela's Casa de la Moneda — built to reduce dependence on foreign printers — had been producing banknotes domestically since the early 2000s, but by 2020 the institution was operating under severe import restrictions that affected ink, thread, and substrate supplies. This 500,000 bolívar note was issued as part of the bolívar soberano series during one of the most extreme hyperinflationary episodes in recorded history; the bolivar soberano itself had already shed five zeros from its predecessor in 2018, and this denomination would become nearly worthless within months of issue.

In October 2021, Venezuela redenominated again, introducing the bolívar digital at 1,000,000 soberanos to one — making this note worth a fraction of a new cent before it could wear out.

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