Information about Venezuela.
|ISO code/s||VE / VEN|
Venezuela (officially called the Bolivarian Republic of Venezuela), is a country on the northern coast of South America. Venezuela's territory covers around 916,445 km2 with an estimated population around 29,100,000. Venezuela is considered a state with extremely high biodiversity, with habitats ranging from the Andes Mountains in the west to the Amazon Basin rainforest in the south, via extensive llanos plains and Caribbean coast in the centre and the Orinoco River Delta in the east.
The territory currently known as Venezuela was colonized by Spain in 1522 amid resistance from indigenous peoples. In 1811, it became one of the first Spanish-American colonies to declare independence, which was not securely established until 1821, when Venezuela was a department of the federal republic of Gran Colombia. It gained full independence as a separate country in 1830.
|BBC||Venezuela's new high value banknotes enter circulation|
|Jan. 17, 2017|
Venezuela has issued new larger denomination banknotes in response to the country's soaring rate of inflation. The three notes, ranging from 500 to 20,000-bolivars, have entered circulation with the aim of making paying for essentials easier.
|BBC||Venezuela issues new banknotes after inflation|
|Dec. 4, 2016|
Venezuela is issuing new higher-value notes to help deal with some of the practical problems of soaring inflation. A backpack full of cash is often required to pay bills at a restaurant or supermarket.
The central bank said that six new bills ranging from 500 to 20,000 bolivars would come into circulation on 15 December. Currently the largest note is 100 bolivars and worth about two US cents.