Loading ...Although they’ve been changing their numbers when it went in the billions. If Iran is cashing in their gold for dollars they better hope they don’t change the currency on them.
This is Venezuelas
One ounce of gold costs approximately 2,533,558 Venezuelan Bolívar Digital (VED/VES) based on official mid-market exchange rates. [1, 2]
Because Venezuela has historically restructured its currency multiple times to counter hyperinflation, the value looks drastically different depending on which historical version of the bolívar is referenced: [1]
Price by Currency Version
- Bolívar Digital (VED / VES): ~2.53 million (The current currency launched in 2021, which cut six zeros from the previous version).
- Bolívar Soberano (IEF / VEF): ~252 billion (The 2018 currency version).
- Bolívar Fuerte (VEF): ~25.3 trillion (The 2008 currency version)