The
bolívar fuerte (
sign:
Bs.F. or Bs.; plural:
bolívares fuertes; ISO 4217 code:
VEF) has been the
currency of Venezuela since 1 January 2008. It is subdivided into 100
céntimos and replaced the original
bolívar (
sign: Bs.; plural:
bolívares;
ISO 4217 code:
VEB) at the rate of Bs.F. 1 = Bs. 1,000 because of inflation.