Venezuelan bolívar

High school (ages 12+)
People & Society

Name:

Date:

Step 1 · Read the article

Open the article and read it at the level above. Then answer the questions below in your own words.

https://smallwhale.org/articles/venezuelan-bolvar

Write what each word means, using the article.

Do not copy the article. Write two things you learned, the way you would explain them to a friend.

Answers below are taken from the article’s stored facts, so they match what the student read.

1. What is the official currency of?Venezuela
2. What is the date of introduction?1879
3. Why did Venezuela change the name of its money many times?The government changed the name to make the numbers easier to use and to try to keep people’s confidence. Each new name came after a period of high inflation.
4. How many old bolívares are needed to get one new digital bolívar?One digital bolívar (VED) equals one million old bolívares (VES). That means 1 VED is the same as 100 trillion pre‑2008 bolívares.

Bimetallism: A monetary system where a country's currency is based on both gold and silver.
Currency Devaluation: A decrease in the value of a currency relative to other currencies.
Parallel Exchange Rate: An unofficial exchange rate determined by market forces, often differing from the official rate.