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Venezuelan Monetary Unit

Definition

The Venezuelan Monetary Unit refers to the official currency of Venezuela, representing the basic unit of exchange within the country.

Senses and Usages

Noun: Venezuelan monetary unit can specifically refer to the basic monetary unit in Venezuela, which is the bolívar soberano (VES). It is divided into smaller units called céntimos.

Adjective: Venezuelan monetary unit can also be used to describe something that is related to or associated with the currency, economy, or monetary policies of Venezuela.

Sample Sentences

• The Venezuelan monetary unit, the bolívar soberano, has experienced significant inflation in recent years.
• As the economy faced turmoil, many Venezuelans struggled to cope with the devaluation of the Venezuelan monetary unit.
• Investors are closely monitoring the stability of the Venezuelan monetary unit amidst ongoing economic crises.

Related Products

Explore the following products related to the Venezuelan monetary unit:

• Venezuelan Monetary Unit Coins
• Venezuelan Monetary Unit Banknotes
• Books on Venezuelan Economy