Venezuela Travel Guide

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Venezuela - Money

Currency & Money

Currency information:

Bolívar (Nueva expression monetaria) (VED; symbol Bs. D.) = 100 céntimos. Notes are in denominations of Bs. D. 100, 50, 20, 10 and 5; coin denominations are Bs. D. 1 and 50 and 25 céntimos.

Credit cards:

Visa, MasterCard, and American Express are accepted in the main cities and tourist areas. Most people in Venezuela now use debit cards or e-wallets (like HayPunto and Zoom) to pay for goods and services.

Due to hyperinflation, local banknotes are in short supply. Apart from credit cards and debit cards, take US dollars with you. Also, consider setting up a Western Union account which allows you to pick up your deposited funds at any Zoom branch (Zoom is an authorised agent of Western Union in Venezuela).

ATM:

ATMs are available, but not widespread in rural areas.

Travellers cheques:

Travellers cheques are no longer popular.

Banking hours:

Mon-Fri 0830-1530.

Currency restriction:

Amounts over USD $10,000 or equivalent must be declared.

Currency exchange:

Strict controls are in place on the exchange of local and foreign currency in Venezuela.

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