Venezuelan venezolano

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.


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