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The Venezuelan Bolivar has underwent three major redenomination events since 2008 to combat hyperinflation:
The currency devaluation has forced a massive shift towards the US Dollar (USD) for daily transactions in Venezuela, with the Bolívar often used only for smaller, local transactions. bolivar
The "Digital" name aims to promote electronic payments, aiming to simplify bookkeeping calculations and modernize payment systems. Banknote Features bolivar
