bolivar

(redirected from bolivars)
Also found in: Dictionary, Financial, Encyclopedia.
Graphic Thesaurus  🔍
Display ON
Animation ON
Legend
Synonym
Antonym
Related
  • noun

Words related to bolivar

the basic unit of money in Venezuela

Venezuelan statesman who led the revolt of South American colonies against Spanish rule

References in periodicals archive ?
I had amassed a fortune and it would grow by the hour, provided I did not change my few dollars into thousands of bolivars.
BANKING AND CREDIT NEWS-August 29, 2018--Venezuela launches new app to convert sovereign bolivar
The changes start to kick in today with the introduction of a new currency, the "sovereign bolivar," which lops five zeros off the country's fast-depreciating bills.
Bloomberg reported November 24 that Venezuela's currency--the bolivar fuerte or "strong bolivar"--had lost 45 percent of its purchasing power so far that month.
Maduro said the government has collected 4 billion bolivars ($400.4 million) from "financial mafias" that have been hoarding the 100 bolivar notes in what he described as an economic war against the country.
The value of revenue trapped in bolivars is being whittled away by the world's highest inflation rate and frequent devaluations.
But on Monday, the government made its first moves towards repaying airlines, although at a worse exchange rate, about 10 bolivars to the dollar.
Giordani said the government had also decided to do away with a second-tier rate of 5.30 bolivars to the dollar, through a bond market administered by the Central Bank.
Government exchange controls won't allow the owners to change their bolivars into dollars to buy wheat from abroad, managers say.
One hundred bolivars is currently worth just two cents.
The central bank of Venezuela is considering increasing the supply of bolivars.
Private bank officials say they translate into exchange rates of between 4.30 bolivars and 5.30 bolivars to the dollar _ sharply less than rates of more than 8 bolivars to the dollar before trading was halted May 19.
At press time, the official exchange rate was 1,600 bolivars to the dollar, at least 500 bolivars lower than the exchange rate on the already-flourishing black market.