Venezuala – Cost of Living

Local Currency The local currency of Venezuela is the Bolívar (VEF). However, due to hyperinflation, the government has introduced a new currency, the Bolívar Soberano (VES), which was introduced in August 2018. The Bolívar Soberano is denominated in notes of 2, 5, 10, 20, 50, 100, 200, and 500, and coins of 0.5, 1, 2, … Read more