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500 000 Bolívares
| Issuer | Banco Central de Venezuela |
|---|---|
| Year | 2020 |
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| Value | 500 000 Bolivars |
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| Obverse description | Intaglio portrait of Simón Bolívar at center-lower field, rendered in finely engraved detail against a blue guilloche underprint patterned with stars and floral motifs. The denomination "500 MIL BOLÍVARES" appears in large letterpress numerals in the upper-left area, below the country title "República Bolivariana de Venezuela". Date "3 DE SEPTIEMBRE DE 2020" and the payability clause are inscribed in the mid-field, accompanied by two facsimile signatures above the titles PRESIDENTE BCV and PRIMER VICEPRESIDENTE BCV, with a segmented security thread running horizontally across the note. |
|---|---|
| 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 (Translation: Bolivarian Republic of Venezuela Five Hundred Thousand Bolívares September 3, 2020 Payable to the Bearer at the Bank's Offices President BCV First Vice President BCV Simón Bolívar.) |
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| Comments |
Venezuela's hyperinflationary collapse forced repeated redenominations — this note was issued under the 2018 "Sovereign Bolívar" system, itself a redenomination that lopped five zeros off the previous "Strong Bolívar." By 2020, even that currency was failing spectacularly, and a 500,000-unit note represented a few US dollars at best, often less depending on the week.
Printed domestically by the Casa de la Moneda de Venezuela rather than contracted abroad — a point of national pride that became increasingly difficult to sustain as the economic crisis deepened and imported paper supplies grew unreliable. A third redenomination followed in October 2021, converting this note's face value to a fraction of one new "Digital Bolívar."