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5000 Bolívares José Antonio Páez
| Issuer | Banco Central de Venezuela |
|---|---|
| Year | 1990 |
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| Composition | Log in to see details |
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| Thickness | 2.02 mm |
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|---|---|
| Obverse script | Latin |
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| Reverse description | A left-facing portrait bust of General José Antonio Páez dominates the central field, rendered in high relief in a classical military style. The legend JOSE ANTONIO PAEZ arcs above the effigy, while the commemorative dates 1780-1980, marking the bicentennial of his birth, appear below. The engraver's signature is incised at the base of the neck truncation. |
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| Additional information |
Venezuela's 1990 gold issue came at a moment of acute national crisis. The February 1989 Caracazo — a wave of riots and looting triggered by IMF-mandated austerity measures under President Carlos Andrés Pérez — had left hundreds dead and shaken confidence in the bolívar. High-denomination commemorative gold issues of this period were effectively bullion instruments aimed at domestic and foreign investors, not circulating currency, as the bolívar itself was losing ground rapidly against the dollar throughout the early 1990s.
Páez was Venezuela's first post-independence president, taking office in 1830 after the dissolution of Gran Colombia.