On 22 March 2018, Venezuela announced that it would demonetize all preceding bolívar issues and replace them at a rate of 1,000:1 (effectively removing three zeroes) with a new currency called the bolívar soberano (sovereign bolivar), from 4 June to 4 July 2018. The new notes will come in eight denominations from 2 to 500 bolívars, without the adjective “soberano.”
Courtesy of José Daniel Fernández, Dario Silva, Brian Lema, Massimo Accordi, Antje Bird, and Lawrence Honaker.