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The bolívar fuerte is the new currency of Venezuela since January 1, 2008. The name "bolívar fuerte" is only used temporarily to distinguish it from the older currency that was being used along with the bolívar fuerte (VEB). The new name is literally translated as "strong bolívar",
The peso was originally established as the nuevo peso argentino or peso convertible, and the symbol used locally for it is $. To avoid confusion, Argentines frequently use US$, U$, U$S, or U$A to indicate U.S. dollars.
1 VEF = 1.0112 ARS
Venezuelan BolivarArgentinian Peso
