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Total commemorative banknotes issued is under 1,500 pieces. If you have achieved any figures close to this, then you are doing extremely well, as many of the older commemorative notes are hard to find even in poor conditions.

Opinion: Many collectors of commemorative banknotes would have come across with those Somaliland sets overprinted with gold and silver texts with the following wordings - 5th Anniversary of Independence 18 May 1996 [Sanad Gurade 5ee Gobanimadda 18 May 1996]. I believe these are "home made" (or fake) and not authorised by the central bank. My argument is simple. No central bank would have issued an overprint commemorative banknote that the texts are so large that it would cover the two signatures on the note as well as part of the serial numbers. Even if these are genuine notes, then these could be issued as souvenir sheets and not as legal tender. As I said before, this is my opinion. If you have paid top dollars for these, please think about my argument. There is always a sucker around the corner, including me of course!

All comments are most welcome but it has to be subjects related to banknotes or banknotes collection. If not, it will not be approved. Thanks

04 December 2021

..Venezuela - 200000, 500000 & 1000000 (Commemorative) All Dated 03.09.2020

 Republica Bolivariana de Venezuela
(Bolivarian Republic of Venezuela)

Banco Central de Venezuela (BCV)
(Central Bank of Venezuela)
Currency - Bolivar (VEF)
Here are three hyperinflation banknotes of 200,000, 500,000 and 1,000,000 bolivares all printed with the date of 03.09.2020. It is not sure if these notes are still worth the paper printed on. The instability of the bolivar stared in 2016 due to ongoing socioeconomic and political crises. Whilst the current highest value is the 1,000,000 bolivares, going forward, we may see high denominations release if the situation does not improve. The bolivares are so weak and worthless that even the Venezuelans used them as materials to make into art and craft items for sale. Cash were scatted in the street during the Presidential crises that no one even bothered to pick them up. Talk about free cash popping up in the streets! 
The designs for the 200,000 and 500,000 bolivares are the same as those issued in 2019 with Venezuelan hero General Simon Bolivar (b.1783-1830) portrait printed on the front and on the back, printed with National Pantheon in Caracas and Mausoleo Del Libertador Simon Bolivar (Mausoleum of the Liberator Simon Bolivar).
Unlike the above two notes, the 1,000,000 bolivares note is a commemorative banknote. This note is issued to celebrate the 200th Year of the Battle of Barabobo (1821-2021). The Battle of Barabobo was fought between the forces led by General Simon Bolivar and the Spanish forces led by Field Marshal Miguel de la Torre, which led to the independence of Venezuela. On the front of this note, the design is the same as those 200,000 and 500,000 bolivares.
It should be noted that the 1.0M bolivares is the largest denomination ever issued in the modern history of Venezuela. Seeing these hyperinflation banknotes reminded me that many countries, at one stage had gone through the same experience as well, countries like Hungary, Germany, China, Yugoslavia, Brazil, Argentina, Iran and Zimbabwe, to name a few. Some countries opted to control the run away inflation rates by totally abandoning its own currency by adopting a strong foreign and stable currencies instead to stabilise the situation and to bring back some forms of economic normality back into the systems. The most common currencies adopted are the US greenback and the Euro and in the case of Zimbabwe, it accepts the South African rand, Chinese yuan, British pound and others too etc.

President (BCV) - Calixto Ortega Sanchez
Vice President (BCV) - Sohail Hernandez

Dimensions - 157mm x 69mm (all three notes)
Two Hundred Thousand Bolivar
Dated 2020, General Simon Bolivar (b.1783-1830)
National Pantheon in Caracas and Mausoleo Del Libertador Simon Bolivar (Mausoleum of the Liberator Simon Bolivar)

Five Hundred Thousand Bolivares
Dated 2020, General Simon Bolivar (b.1783-1830)
National Pantheon in Caracas and Mausoleo Del Libertador Simon Bolivar (Mausoleum of the Liberator Simon Bolivar)

One Million Bolivares (Commemorative - 200th year of the Battle of Barabobo 1821-2021))
Dated 2020, General Simon Bolivar (b.1783-1830)
Scene of the Battle of Carabobo

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