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1 Bolivar 1989, Venezuela

in Krause book Number: 68
Years of issue: 05.10.1989
Edition: 600 000 000
Signatures: Presidente: Pedro Tinoco, Primer Vice presidente: José Vicente Rodríguez Aznar
Serie: 1989 Issue
Specimen of: 05.10.1989
Material: Cotton fiber
Size (mm): 115 x 55
Printer: Bundesdruckerei GmbH, Berlin

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** The word "Specimen" is present only on some of electronic pictures, in accordance with banknote images publication rules of appropriate banks.

1 Bolivar 1989

Description

Watermark:

watermarkUnknown pattern.

Avers:

1 Bolivar 1989

1 Bolivar 1989 1 Bolivar 1989On right side is a reverse of coin 1 Bolivar 1989.

On the right, image of 1 Bolívar coin. In the center, the payment clause "PAGADEROS AL PORTADOR EN LAS OFICINAS DEL BANCO" (Payable to bearer in the offices of the Bank). On the left, the value "1", with a serial number below. On the top left, the issuer name "BANCO CENTRAL DE VENEZUELA". On the bottom, the denomination in words "UN BOLIVAR".

Revers:

1 Bolivar 1989

On the left side is Venezuelan coat of arms. On the right, a guilloche. In each corner, the value "1".

coat

The current coat of arms of Venezuela was primarily approved by the Congress on April 18, 1836, undergoing small modifications through history, reaching the present version.

The coat of arms was established in the Law of the National Flag, Shield and Anthem (Ley de Bandera, Escudo e Himno Nacionales), passed on February 17, 1954, by the military governor of Venezuela, Marcos Pérez Jiménez. The shield is divided in the colors of the national flag. In the dexter chief, on a red field, wheat represents the union of the 20 states of the Republic existing at the time and the wealth of the nation. In sinister chief, on a yellow field, weapons (a sword, a sabre and three lances) and two national flags are tied by a branch of laurel, as a symbol of triumph in war. In base, on a deep blue field, a wild white horse (perhaps representing Simón Bolívar's white horse Palomo) runs free, an emblem of independence and freedom.

Above the shield are two crossed cornucopias (horns of plenty), pouring out wealth. The shield is flanked by an olive branch and another of palm, both tied at the bottom of the coat with a large band that represents the national tricolour (yellow for the nation’s wealth, blue for the ocean separating Venezuela from Spain, and red for the blood and courage of the people). The following captions appear in golden letters on the blue stripe:

19 de Abril de 1810 (April 19, 1810) 20 de Febrero de 1859 (February 20, 1859)

Independencia (Independence) Federación (Federation)

República Bolivariana de Venezuela (Bolivarian Republic of Venezuela)

Denominations in numerals are across all the field of banknote (background) and on left side, in words centered.

Comments:

Theses banknotes were issued in emergency to solve the shortage of coins during 1988-1989, as a consequence of illegal funding to obtain nickel due to the high price of this metal in comparison to it's face value. The banknotes that are part of these issues are 1 Bolívar, 2 Bolívares and 5 Bolívares (Diseño B, type B).

This banknote, with the 2 Bolívares banknotes was also known with the popular name of "Tinotico", in honor of the president of the Central Bank of Venezuela by then. Another popular name was "Monopolio", derived by similar size and paper quality of the popular game "Monopoly".