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500 000 Bolívares
| Issuer | Banco Central de Venezuela |
|---|---|
| Year | 2020 |
| Type | Standard circulation banknote |
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|---|---|
| Obverse lettering | República Bolivariana de Venezuela 500 MIL BOLÍVARES 3 DE SEPTIEMBRE DE 2020 PAGADEROS AL PORTADOR EN LAS OFICINAS DEL BANCO PRESIDENTE BCV PRIMER VICEPRESIDENTE BCV SIMÓN BOLÍVAR (Translation: Bolivarian Republic of Venezuela Five Hundred Thousand Bolívares September 3, 2020 Payable to the Bearer at the Bank's Offices President BCV First Vice President BCV Simón Bolívar.) |
| Reverse description | Vignette of the National Pantheon in Caracas, the mausoleum housing the remains of Simón Bolívar, rendered against a blue guilloche background with intricate geometric underprint patterns. The Coat of Arms of Venezuela appears within the composition, accompanied by the issuing bank title and denomination inscriptions. The overall design continues the blue color scheme of the note's series. |
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| Comments |
Venezuela's hyperinflationary collapse forced repeated redenominations — this note was issued under the 2018 "Sovereign Bolívar" system, itself a redenomination that lopped five zeros off the previous "Strong Bolívar." By 2020, even that currency was failing spectacularly, and a 500,000-unit note represented a few US dollars at best, often less depending on the week.
Printed domestically by the Casa de la Moneda de Venezuela rather than contracted abroad — a point of national pride that became increasingly difficult to sustain as the economic crisis deepened and imported paper supplies grew unreliable. A third redenomination followed in October 2021, converting this note's face value to a fraction of one new "Digital Bolívar."