According to a Bloomberg article dated 1 July 2021, Venezuela plans to redenominate its currency at a rate of 1,000,000:1 (effectively removing six zeroes) as early as August 2021. The country previously redenominated at a rate of 100,000:1 on 20 August 2018, and at a rate of 1,000:1 on 1
The issued note shown above has a different security thread than that which appears on the image the bank originally released (see below). It’s possible prefix A and/or B notes are different varieties, or that the original image is a digital creation and doesn’t reflect reality. Courtesy of Michael Albath.
According to an article in Bloomberg News, Venezuela has contracted with Russian security printer Goznak to produce 300 million new notes denominated from 10,000 to 50,000 bolívars, at a cost of 6.8 million euros.