History Until 1821, the Spanish colonial real circulated in Venezuela. Some of these coins were minted at the Caracas Royal Mint (Spanish: Real Casa de Moneda de Caracas) established in 1802. Coins minted in Caracas were called Venezuelan reales. On August 27 , 1811, with the United States of Venezuela (Estados Unidos de Venezuela) having declared their independence, the recently-established Supreme Congress of Venezuela (Congreso Supremo de Venezuela) establishes the peso with an equivalence of 8 reales to 1 peso and an initial issue of one million pesos in paper money. On 29 march 1842, the Congress of Venezuela ordered the minting of 1, ½, and ¼ centavo coins, putting an end to the use of foreign coins for this purpose. To define the value of these smaller coins, the peso was subdivided into 10 reales, each of 10 centavos, following the suit of the Colombian currency. The coins would not be seen in circulation until the following year, for which reason they are generally referred to as the "1843 coins". All other denominations would be approved by Congress on 1 April 1854. The peso was substituted in 1871 by the venezolano, although it wouldn't enter circulation until 18 june 1874. Finally, in 1879, the bolívar was introduced.
History Until 1821, the Spanish colonial real circulated in Venezuela. Some of these coins were minted at the Caracas Royal Mint (Spanish: Real Casa de Moneda de Caracas) established in 1802. Coins minted in Caracas were called Venezuelan reales. On 27 August 1811, with the United States of Venezuela (Estados Unidos de Venezuela) having declared their independence, the recently established Supreme Congress of Venezuela (Congreso Supremo de Venezuela) establishes the peso with an equivalence of 8 reales to 1 peso and an initial issue of one million pesos in paper money. On 29 March 1842, the Congress of Venezuela ordered the minting of 1, ½, and ¼ centavo coins, putting an end to the use of foreign coins for this purpose. To define the value of these smaller coins, the peso was subdivided into 10 reales, each of 10 centavos, following the suit of the Colombian currency. The coins would not be seen in circulation until the following year, for which reason they are generally referred to as the "1843 coins". All other denominations would be approved by Congress on 1 April 1854. The peso was substituted in 1871 by the venezolano, although it wouldn't enter circulation until 18 June 1874. Finally, in 1879, the bolívar was introduced.
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August
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,
August
R
recently-established
recently established
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march
March
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june
June