200 Bolívares

Venezuela's hyperinflationary collapse forced three separate redenomination cycles between 2008 and 2021, each lopping zeros from the currency and issuing new series within years of the previous one. This 200 Bolívares note belongs to the Bolívar Digital series introduced in October 2021, which replaced the Bolívar Soberano at a rate of one million to one — itself a currency that had replaced the Bolívar Fuerte in 2018. By 2023, even the redenominated figures were struggling to keep pace with prices.

The security specification for this series is notably thin relative to contemporaneous regional issues — a basic thread and watermark, without optical variables or color-shifting ink, reflecting both cost constraints and a central bank operating under severe import restrictions on printing materials.