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500 Bolívares
| Issuer | Banco de Venezuela |
|---|---|
| Year | 1931-1939 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Bolívar (1879-1983) |
| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | BANCO DE VENEZUELA SOCIEDAD ANONIMA CARACAS CAPITAL VALE POR QUINIENTOS BOLIVARES PAGADEROS AL PORTADOR EN LAS OFICINAS DEL BANCO 500 |
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| Protection type | Watermark |
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| Comments |
The Banco de Venezuela was a private commercial bank, not a central bank — Venezuela had no central bank until the Banco Central de Venezuela was established in 1940. Notes like this one circulated under a plural banking system in which several private institutions held note-issuing privileges simultaneously, a situation the Bolívar-era government had never fully resolved. The 500 Bolívares denomination was not everyday money; at 1930s exchange rates, it represented serious commercial capital.
ABNC produced the series during a period when Venezuelan oil revenues were reshaping the economy faster than its financial institutions could follow. The Gómez dictatorship — Juan Vicente Gómez died in December 1935, mid-series — maintained tight personal control over banking concessions throughout his rule.