5 Bolívares

Venezuela's hyperinflationary collapse — the worst in the Western Hemisphere's modern history — rendered the entire pre-2018 bolívar fuerte series economically worthless before its successor could be stabilized. This note belongs to the transitional "bolívar soberano" redenomination, which stripped five zeros from the currency in August 2018, making the new 5 Bs.S nominally equivalent to 500,000 of the old bolívares fuertes. The redenomination changed nothing about the underlying monetary crisis.

A print run of just over 12 million was modest given the scale of demand, and the soberano itself was inflating rapidly within weeks of introduction. By 2021, a further redenomination was required.