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What Does VEB (Venezuelan Bolivar) Mean?

April 26, 2017bolivar currency forex glossary investopedia mean symbol veb venezuelan

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What Does VEB (Venezuelan Bolivar) Mean?

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The currency abbreviation for the Venezuelan bolivar (VEB), the currency for Venezuela from 1879 to January 2008. The Venezuelan bolivar was made up of 100 céntimos and was presented with the symbol Bs. The Venezuelan bolivar was replaced with the bolivar fuerte (VEF) at a rate of 1000:1 because the bolivar was so devalued due to inflation. Bolivar fuerte is translated in English as “strong bolivar.