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Redenomination-Bolivar Fuerte

For more detailed information about currency redenomination in Venezuela visit http://www.reconversionbcv.org.ve

The portrait on the obverse, the presence for the first time monetary history of an image women and the contribution to the environmental struggle aimed at preventing the extinction of endangered species, are just three of the innovations that displays the new bills Venezuela, presented Wednesday by the president of Banco Central de Venezuela, Gaston Parra, on the board of the issuer company, and that people have on their hands from 1 January 2008, when they enter into circulation alongside the new coins.

The brand new monetary cone next year, consists of six bills and seven coins in denominations expressing a lower level and make it simple monetary transactions with amounts of money. Currency continue with the name of "bolivar" but to distinguish it from the current unit, temporarily will be called "strong bolivar." This is represented by the symbol "Bs.F.." Once the current banknotes and coins ceased to circulate and the public are familiar with the new unit, the Central Bank of Venezuela published notices relating to the re-use only the word "bolivar."

- Francisco de Miranda : 2 Bs.
- Peter Camejo : 5 Bs.
- Cacique Guaicaipuro : 10 Bs.
- Luis Cáceres de Arismendi : 20 Bs.
- Simón Rodríguez : 50 Bs.
- Simon Bolivar : 100 Bs.

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Nationality and biodiversity


The highest denomination bill is to Bs.100 (equivalent to Bs 100,000 currently). Dominated by brown, is on the front of the Liberator Simón Bolívar, reproduction an image taken from the portrait "diplomatic Bolívar" (1860), the artist Rita Matilde de la Peña and part of the collection of BCV. On the back, this piece shows the bird known as Siskin, considered one of the most endangered animal species in Venezuela. Also, joined a picture of Guaraira Repano or Avila, the eternal guardian of Caracas.

sense of citizenship and respect for the country's biodiversity, which transmits the image combination is repeated in other denominations. Bs ticket 50 (equivalent to Bs 50,000 today), with green as the predominant color, shows on its face the teacher Simon Rodriguez, in a portrait of Juan Agustín Guerrero is now Heritage Museum and Temple of Heroes (Quito, Ecuador). On the reverse appears to only bear in South America, the spectacled, and a detail of the Laguna del Santo Cristo, in the Sierra Nevada National Park, State of Merida.

The novelty of the female image is on the ticket of 20 Bolivars (Bs equivalent to the current 20,000), which brings front Luisa Cáceres de Arismendi, whom the royalists seized in an attempt to subdue her husband, the leader Juan Bautista Arismendi patriotic soldier. The portrait is of Emilio Jacinto Mauri and today can be seen at the headquarters of the National Assembly. This ticket is pink and in the reverse, endangered native species are represented by the hawksbill turtle, which spawns in Los Roques and the Blanquilla, while the rich national landscape is collected with a picture of Macanao mountains in the state of Nueva Esparta.

Another novel aspect of the new notes are references to the ethnicity of the Venezuelans, present in parts of Bs 10 (equivalent to the current 10,000 Bs), whose predominant color is brown or terracotta, the appears Guaicaipuro chief of the Indians Teques and Caracas, and the Bs 5 (equivalent to the current 5,000 Bs), ocher, illustrated with Lt. Pedro Camejo (Black One), a leading member of the Republican forces in the War of Independence. The Indian warrior image is taken from the play "Maps and Venezuelan Allegories" by Venezuelan artist Pedro Centeno Vallenilla, part of the collection of the Central Bank of Venezuela, while the First Black is inspired by a bust of Antonio Rodríguez del Villar, who is in the Campo de Carabobo.

The back of the tickets Bs 10 shows the Harpy Eagle, who lives in a large area of \u200b\u200bthe Americas, from Mexico to Argentina, the jump Ucaima and Deer and Kurun tepuyes in Canaima National Park in Bolivar State. For its part, the part of Bs 5 brings an image of the armadillo and the Venezuelan plains.
Bluish
In the last ticket is Bs 2 (equivalent to Bs 2,000 today), with Francisco de Miranda on the obverse, a portrait of Charles Ventrillon-Horber, original copy of Georges Rouget, which in the Ministry of Foreign Affairs and the dolphins (the largest freshwater whale in the world), Worm Flower and the dunes of Coro, Falcon State, on the back. Currencies


bicolor, silver and red

highest currency value is the Bs 1 (equivalent to Bs 1,000 today). With its outer ring and inner gold plated, because the combination of metals used in their manufacture, preserved on the obverse the effigy of the Liberator that was used for the first time in 1873, which was developed by the engraver of the Mint of Paris, Albert D. Barre. The reverse has the national emblem, the eight stars that identify the national flag, the number "1" and the inscription "República Bolivariana de Venezuela."

coins of 1, 5, 10, 25 and 50 cents on the obverse is identified by the number of its name and the eight stars of the national flag, while the 12.5 cents is decorated with graphics that symbolize synthesis palms. Parts 10, 25, 50 and 12.5 cents are silver, while those of 1 and 5 cents are reddish. All are on the reverse the national emblem and the inscription "República Bolivariana de Venezuela."

images of the new banknotes and coins are available on the website www.reconversionbcv.org.ve.



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South Bank will be signed on December 5 South Bank

On 5 December this year signed the founding charter of the Banco del Sur , a proposal led by President of the Republic of Venezuela, Hugo Chávez Frías.

The information was released by the People's Minister for Foreign Affairs, Nicolás Maduro, who is attending the Fourth Special Meeting of the Southern Common Market (Mercosur) in Montevideo, Uruguay. He said, by Venezolana de Television , that South America should continue to promote the integration mechanisms that already exist and are born, as the South Bank. He said South

should bet on their own projects to ensure their financial security, food, energy.

South Bank stems from a historical and sovereign decision given by the President of the Bolivarian Republic of Venezuela, Hugo Chávez Frías.
South Bank pursues as central objective be independent of neoliberal economic policies of these institutions, it is also a precursor to the proposed creation common currency of the South, pointing to the sovereign use of capital in favor of the people. This proposal also involves the Government of Argentina.

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To date, the Banco del Sur includes Venezuela, Bolivia, Ecuador, Uruguay, Paraguay, Brazil and Argentina, while Colombia recently stated that wanted to add the project.

Initially the bank will be limited to financing development in the next phase will be raised the possibility to create and strengthen a financial fund in Latin America.

In early October, the finance ministers of seven South American countries concluded in Rio de Janeiro the drafting of a founding charter of the bank, but have not yet reached agreement on the capital to take the institution and the form of provision of its members.

The bank will be headquartered in Caracas, and is estimated to begin with a capital of between 6,000 and 7,000 million dollars. --------------------------

historical and sovereign decision of the Heads of State Hugo Chávez and Néstor Kirchner signed the Memorandum of Understanding between the Bolivarian Republic of Venezuela and the Republic of Argentina, for the constitution of South Bank, within 120 days from 2002-2007, is the most appropriate contribution to the processes of development of nations as it seeks independence from the unacceptable conditions of the International Monetary Fund (IMF) and World Bank (WB).

IMF loans have been conditioned to reduce social spending and privatization of strategic industries and services of countries, while the Bank agrees to bad loans and imposes fines for consultants and social and infrastructure projects. In both cases, capital loans are expensive for the high cancellation service (amortization plus interest), which has resulted in inefficiency to overcome imbalances in the balance of payments and fiscal deficits.

The South Bank central objective to be pursued independent of neoliberal economic policies of the IMF and WB, as it seeks to reduce the deposit of domestic savings from the economies of the South American region in the Northern banks. It is also a precursor to the formation of the common currency of the South as response to the harmful effects of the dollar crisis. In short, points to the sovereign use of capital for our own interests, which should prioritize the implementation of structuring projects of the new South geopolitical integration, for example, physical infrastructure by land, air and sea.

food supply network.

network of integrated health system.

education system for processing.

connections energy pipelines.
sovereign
This initiative seeks to create and consolidate the democratization of capital to make viable and interconnection schemes integration with development processes against financial hegemony of the IMF, World Bank and transnational corporations in the dynamics of investment, trade and financial transactions.

South Bank sovereign represents the alternative to neoliberal globalization, because it will encourage the transformation of production structures giving priority to meeting the needs within the region through the complementarity of production, which will ensure the export projection the various plans for South American integration at the bilateral, subregional, regional, hemispheric and global.

In this perspective, South drives the new concept for financing the development process through the principles of cooperation, solidarity and mutual respect in order to articulate the sovereignty of states to self-determination of peoples, for this commitment to their strengths, potential and endogenous values, which is vital for participation and leadership of its own destiny from the human and the administration of their own natural resources and capital for the sake of independence and people's welfare.

The South Bank becomes the alternative of humanistic, democratic, social relevance and flexible closely linked to social and productive investment in accordance with the urgent strategic projects developed by the state diplomacy and diplomacy of the people. Edgardo Antonio Ramírez

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Constitutional Reform Bill seeks to create a real economy

deputy chairman of the Joint Committee of the National Assembly, reviewing the constitutional reform, Carlos Escarrá, said Monday that "the Constitutional Reform Bill seeks to create a true socialist economy. " REPORT OF THE JOINT COMMITTEE

she said that "we can say someday we achieve social happiness and social achieve happiness and be satisfied as revolutionaries the day we say there is zero poverty, unemployment is zero."

Escarrá said that "each and every one of the Venezuelans, women, men, children, happiness are guaranteed in the homeland of Bolívar, in the country that opened the way for all America."

"There is a third line that is humanism, in that line of humanism that are fundamental values, has joined the Constitutional Reform Bill, after collecting the will of all the people of Caracas and many other scenarios, the ban could be implemented precautionary measures in the family home, "said Escarrá.

"Enough oligarchy to come out to the people of his home, enough to come the oligarchy to try between cocks and midnight to take a family from their home. Proceeds from this ban was placed humanism I have outlined, "said the chairman of the Joint Committee of the National Assembly.

"But the value of democracy, as has been said here, we have long said, that university autonomy does not mean you will have the heads of the universities to do what they want, added.

regard said "University autonomy is based on justice and equality in the university democracy, and we now claim the university workers to vote choose the university authorities, the college student vote to choose also the university authorities. There are loading of humanism and democracy to the people of Venezuela, "said Escarrá.

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