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The bolívar soberano has been the official currency of Venezuela since 20 August 2018. The bolívar soberano replaced the bolívar fuerte after a transition period. The primary reason for replacement, at a rate of 1 Bs.S to 100,000 Bs.F, was hyperinflation. On 1 January 2008, the bolívar fuerte had itself replaced, because of inflation, the original bolívar introduced in 1879. It did so at a rate of 1 Bs.F to …
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