{"id":2294,"date":"2018-08-06T07:15:00","date_gmt":"2018-08-06T07:15:00","guid":{"rendered":"https:\/\/test946983.live-website.com\/?p=2294"},"modified":"2019-12-03T18:13:59","modified_gmt":"2019-12-03T18:13:59","slug":"venezuela-currency-reform-delayed-until-20-08-2018","status":"publish","type":"post","link":"https:\/\/banknotenews.com\/?p=2294","title":{"rendered":"Venezuela currency reform delayed until 20.08.2018"},"content":{"rendered":"<p class='has-larger-font-size'>\n<div class=\"blog-entry-body\">On 25 July 2018, Venezuela&#8217;s president, Nicol\u00e1s Maduro, announced that the currency reform that was initially planned to begin in June, and that was later postponed until 4 August, was postponed once again, this time until 20 August. During the speech, the president also stated that the conversion rate was shifted from 1:1000 to 1:100.000, which means that one bol\u00edvar soberano will be equal to one hundred thousand bol\u00edvares fuertes. Also, actual notes were shown for the first time (until now, only computerized designs have been revealed). The new coins were shown for the first time, too. Among other things, he announced that the new currency will be pegged to the petro, a Venezuelan, state-owned cryptocurrency. He also suggested the possibility that a 5-bol\u00edvares coin could also be issued.<\/p>\n<p><iframe loading=\"lazy\" allow=\"autoplay; encrypted-media\" allowfullscreen=\"\" frameborder=\"0\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/JU9PD9pSrro\" width=\"560\"><\/iframe><\/p>\n<p><a href=\"http:\/\/www.bcv.org.ve\/billetes-y-monedas\/bolivar-soberano\" rel=\"external\">Banco Central de Venezuela has also posted information and images about the new notes<\/a>.<\/p>\n<p>Courtesy of Jos\u00e9 Daniel Fern\u00e1ndez and Fritz Simons.<\/p>\n<p><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On 25 July 2018, Venezuela&#8217;s president, Nicol\u00e1s Maduro, announced that the currency reform that was initially planned to begin in June, and that was later postponed until 4 August, was postponed once again, this time until 20 August. During the speech, the president also stated that the conversion rate was<span class=\"more-link\"><a href=\"https:\/\/banknotenews.com\/?p=2294\">Read More\u2026<\/a><\/span><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[81],"class_list":["entry","author-owen-linzmayer","post-2294","post","type-post","status-publish","format-standard","category-south-america","tag-venezuela"],"_links":{"self":[{"href":"https:\/\/banknotenews.com\/index.php?rest_route=\/wp\/v2\/posts\/2294","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/banknotenews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/banknotenews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/banknotenews.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/banknotenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2294"}],"version-history":[{"count":1,"href":"https:\/\/banknotenews.com\/index.php?rest_route=\/wp\/v2\/posts\/2294\/revisions"}],"predecessor-version":[{"id":2295,"href":"https:\/\/banknotenews.com\/index.php?rest_route=\/wp\/v2\/posts\/2294\/revisions\/2295"}],"wp:attachment":[{"href":"https:\/\/banknotenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2294"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/banknotenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2294"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/banknotenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2294"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}