20 000 Bolívares

Venezuela's 2019 redenomination — which lopped five zeros off the bolívar fuerte to create the bolívar soberano — barely kept pace with inflation before it too became worthless. This 20,000-bolívar soberano note was issued into an economy where the IMF estimated annual inflation exceeded one million percent at its peak. The denomination itself, substantial on paper, was eroded to near-nothing within months of printing.

Security features on this series are relatively modest given the circumstances — a reflection of procurement difficulties rather than deliberate policy, as international suppliers had become reluctant to extend credit to the BCV.