Venezuela's official currency is the Venezuelan Bolívar. The currency is denoted by the symbol "Bs" and is further subdivided into 100 smaller units called céntimos. The Bolívar has undergone significant devaluation in recent years due to the country's economic instability and hyperinflation.

Despite being the official currency, the Bolívar has faced challenges in maintaining its value and stability. This has led to a rise in the use of alternative currencies such as the US dollar in everyday transactions. The Venezuelan government has also introduced a state-backed cryptocurrency called the Petro in an attempt to combat hyperinflation and stabilize the economy.

For more information on the Venezuelan Bolívar and the country's economic situation, you can visit the official website of the Central Bank of Venezuela here. The website offers a wealth of information on the history of the Bolívar, current exchange rates, and economic indicators.

It is important for travelers and expats in Venezuela to be aware of the currency situation and the potential risks associated with using the Bolívar. It is recommended to exchange currency at official exchange offices or banks to avoid falling victim to counterfeit bills or inflated exchange rates.

Overall, the Venezuelan Bolívar remains the official currency of Venezuela, but its value and stability are constantly in flux. Keeping abreast of the latest economic developments and exchange rates is essential for anyone conducting financial transactions in the country.

For further reading on the Venezuelan economy and the challenges facing the Bolívar, you can check out the latest articles from reputable sources such as the BBC or Reuters. Staying informed will help you navigate the currency landscape in Venezuela and make informed decisions when it comes to managing your finances in the country.

Sign Up