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bolivar
(redirected from Venezuelan bolivar)

   Also found in: Financial, Encyclopedia, Wikipedia 0.01 sec.
bo·li·var  (b-lvär, bl-vr)
n. pl. bo·li·vars or bo·li·va·res (b-lvä-rs)
See Table at currency.

[American Spanish bolívar, after Simón Bolívar.]

Bolivar [ˈbɒlɪˌvɑː (Spanish) boˈliβar]
n
(Biographies / Bolivar, Simon (1783-1830) M, South American, MILITARY: soldier, POLITICS: liberator) Simon (siˈmon). 1783-1830, South American soldier and liberator. He drove the Spaniards from Venezuela, Colombia, Ecuador, and Peru and hoped to set up a republican confederation, but was prevented by separatist movements in Venezuela and Colombia (1829-30). Upper Peru became a separate state and was called Bolivia in his honour
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.bolivar - the basic unit of money in Venezuelabolivar - the basic unit of money in Venezuela; equal to 100 centimos
centimo - a fractional monetary unit of Venezuela and Costa Rica and Equatorial Guinea and Paraguay and Spain
Venezuelan monetary unit - monetary unit of Venezuela
2.bolivar - Venezuelan statesman who led the revolt of South American colonies against Spanish ruleBolivar - Venezuelan statesman who led the revolt of South American colonies against Spanish rule; founded Bolivia in 1825 (1783-1830)


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The revival of the oil industry grants the government access to much needed hard currency, allowing it to counter the destabilisation of the Venezuelan Bolivar, currently worth around 1593VEB to the US$, and redirect funds to a variety of social projects begun as part Of a series of reforms known as the proceso.
The Venezuelan bolivar has lost about 30% of its value since the onset of a widespread national strike on December 2, 2002.
The author notes that as a result of the weakening Venezuelan bolivar, drug market expenditure in US dollars will experience a decline over the forecast period to US$2.
 
 
 
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