Venezuelan venezolano

The venezolano was the currency of Venezuela between 1872 and 1879. It was divided into 100 "centavos", although the names "céntimo" and "centésimo" were also used. Venezolano was also the name of two currencies planned in 1854 and 1865 (see Currency of Venezuela).

History

The monetary law of May 11, 1871 replaced the peso with the venezolano at par. The Latin Monetary Union bimetallic standard was adopted, with the silver venezolano ("venezolano de plata or fuerte") of 25g .900 fine and a gold venezolano of 1.612 g .900 fine. The subsidiary silver coinage was only .835 fine, legal tender to a maximum of 40 venezolanos per transaction.

From January 1, 1872 all accounts had to be converted and expressed in venezolanos and centavos. Coins minted in conformity with the 1857 monetary law were to continue in circulation. The new coinage was minted in Paris and was introduced into circulation in June 1874. The Venezuelan coinage of 1858 had been very limited; the coinage of 1873-1877 marked the establishment of a true, modern national coinage.

The monetary law of March 31, 1879 replaced the venezolano as the monetary unit with the bolívar at 5 bolívares = 1 venezolano or 1 bolívar = 20 centavos de venezolano.

Coins

In 1874, silver 5, 10, 20 and 50 centavo and 1 venezolano coins were introduced. These were followed in 1875 by gold 5 venezolanos and in 1876 by cupro-nickel 1 and 2½ centavos.

Banknotes

Banontes were produced by the "Compañia de Crédito", the "Banco de Caracas" and the State of Guayana. Denominations included 50 centésimos and 1, 2, 4, 5, 8, 10, 20, 50 and 100 venezolanos

References


*numis cite SCWC|date=1991
*Citation | last = Grillet Correa | first = Asdrúbal | date = 2000 | title = Monedas metálicas venezolanas | url = http://www.bcv.org.ve/Upload/Publicaciones/tecnic6.pdf | place = Caracas | publisher = Banco Central de Venezuela | isbn = 980-6395-19-0.
*Citation | editor1-last = Shafer | editor1-first = Neil | editor2-last = Cuhaj | editor2-first = George S. | date = 2002 | title = Standard catalog of world paper money: specialized issues | edition = 9th | volume = 1 | place = Iola, WI | publisher = Krause | pages = 1185-1196 | isbn = 0-87349-466-0
*Citation
title = Historia de la Moneda Venezolana
url = http://monedasdevenezuela.net/Historia/historia.htm
accessdate = 2008-05-27
es icon Venezuela's monetary history, including a summary of coinage legislation.
*Citation
title = Numismatic Catalog of Venezuela
url = http://numismatica.cheng-ca.com/en/index.htm
accessdate = 2008-05-27
Detailed information, with images, of all Venezuelan coins and paper money, regularly updated.


Wikimedia Foundation. 2010.

Look at other dictionaries:

  • Coins of the Venezuelan venezolano — The Coins of the Venezuelan venezolano circulated between 1874 and 1897. On June 11, 1873, the government ordered subsidiary silver coins of 5, 10, 20, and 50 centésimos de venezolano from Paris. An order for gold coins was placed on September 16 …   Wikipedia

  • Banknotes of the Venezuelan venezolano — circulated between 1872 and 1879.Compañia de Crédito Compañia de Crédito , which had been established on December 9, 1870 by Gen. Antonio Guzmán Blanco, was privately owned with minority government participation, and was created primarily in… …   Wikipedia

  • Venezuelan Spanish — is a dialect of the Spanish language spoken in Venezuela. Spanish was introduced in Venezuela by the conquistadors. Most of them were from Andalusia, Galicia, Basque Country and from the Canary Islands. Perhaps the latter, has been the most… …   Wikipedia

  • Venezuelan Democratic Party — (Spanish: Partido Democrático Venezolano , PDV) was a political party in Venezuela. It was launched in September 1943 by President Isaías Medina Angarita to organize supporters of the government. Its dominant role in the political system ended… …   Wikipedia

  • Venezuelan Revolutionary Party — ( es. Partido Revolucionario Venezolano) was a Venezuelan revolutionary organization. It was founded in Mexico in 1926 by a group of exiled communists, which had taken part in activities of the Communist Party of Mexico and other Latin American… …   Wikipedia

  • Venezuelan merengue — People dancing merengue rucaneao The word merengue designates a musical form extended through all the Caribbean. The first occurrences of merengue in print in Venezuela are from scores of “dance merengue” of the second half of the 19th century .… …   Wikipedia

  • Venezuelan bolívar — Infobox Currency image 1 =Bolivares.png image title 1 = 2 to 100 Bs.F image 2 = Venezuelan coins.png image title 2 = Bolívar fuerte coins currency name in local = Bolívar fuerte venezolano es icon iso code = VEF using countries = VEN inflation… …   Wikipedia

  • Venezuelan Fiesta (album) — Infobox Album Name = Venezuelan Fiesta Type = studio Artist = Aldemaro Romero and his Salon Orchestra Released = 1956 Recorded = 1956 Genre = Folk Classical Length = Label = RCA Producer = Aldemaro Romero Reviews = Last album = Dinner in Caracas… …   Wikipedia

  • Venezuelan presidential election, 2006 — The Bolivarian Republic of Venezuela held presidential elections on 3 December 2006, to choose a president for the six year term to begin on 10 January 2007. With 98.29% of the polling stations counted, incumbent president Hugo Chávez was re… …   Wikipedia

  • Venezuelan Canadian — Infobox Ethnic group group = Venezuelan Canadian Venezolano Canadiense flagicon|Venezuela flagicon|Canada poptime = 8,035 [ [http://www.quebec venezuela.org/article.php3?id article=42 ¿ Cuántos venezolanos hay en Canadá y en Québec? ] ] Around… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”