This coin belongs to the "Bolívar Fuerte" series introduced in January 2008, when Venezuela redenominated its currency by lopping three zeros off the old bolívar — a response to inflation that had been grinding through the economy for years. The irony was immediate: the Fuerte itself began depreciating almost from the moment of issue, and by the early 2010s the purchasing power of a 1 Bolívar coin had become effectively theoretical.
Banco Central de Venezuela contracted Casa de Moneda de Venezuela in Maracay for production, though some years saw additional striking abroad to meet demand.
This coin belongs to the "Bolívar Fuerte" series introduced in January 2008, when Venezuela redenominated its currency by lopping three zeros off the old bolívar — a response to inflation that had been grinding through the economy for years. The irony was immediate: the Fuerte itself began depreciating almost from the moment of issue, and by the early 2010s the purchasing power of a 1 Bolívar coin had become effectively theoretical.
Banco Central de Venezuela contracted Casa de Moneda de Venezuela in Maracay for production, though some years saw additional striking abroad to meet demand.