RULES GOVERNING THE NEW MONETARY EXPRESSION In Official Gazette No. 42.191 of 16/08/2021, the Central Bank of Venezuela issued the Rules Governing the New Monetary Expression (Resolution No. 21-08-01), to regulate aspects related to the new monetary scale of the bolivar established in Decree No. 4.553 of the National Executive, and which we are now going to...
NEW MONETARY EXPRESSION By means of Decree No. 4.553 of 06/08/2021, published in Official Gazette No. 42.185 of the same date, the National Executive decreed a new monetary expression of the bolivar, the most relevant aspects of which are summarised below: 1) The unit of the Venezuelan monetary system, i.e. the bolivar as legal tender, will be expressed in...
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