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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 is subdivided into 100 centavos, although no centavo denominated coins remain in circulation. Colloquial names for some banknotes and coins include luka or luca for the 1000-peso banknote, quina for the 500-peso coin, and gamba for the 100-peso coin.
1 VEF = 111.3800 CLP
Venezuelan BolivarChilean Peso
