VEF to CRC
Currency conversion rates from VEF to CRC
|1 VEF||1 CRC|
|5 VEF||5 CRC|
|10 VEF||10 CRC|
|20 VEF||20 CRC|
|50 VEF||50 CRC|
|100 VEF||100 CRC|
|250 VEF||250 CRC|
|500 VEF||500 CRC|
|1000 VEF||1000 CRC|
|2000 VEF||2000 CRC|
|5000 VEF||5000 CRC|
|10000 VEF||10000 CRC|
|1 CRC||1 VEF|
|5 CRC||5 VEF|
|10 CRC||10 VEF|
|20 CRC||20 VEF|
|50 CRC||50 VEF|
|100 CRC||100 VEF|
|250 CRC||250 VEF|
|500 CRC||500 VEF|
|1000 CRC||1000 VEF|
|2000 CRC||2000 VEF|
|5000 CRC||5000 VEF|
|10000 CRC||10000 VEF|
CRC - Costa Rican Colón (₡)
Costa Rican Colón
The Costa Rican Colon (CRC) is the currency of Costa Rica. The symbol for the Colon is ₡; the currency is subdivided into 100 centimos. Many places in Costa Rica accept the US Dollar unofficially. The name of the Colon is derived from the Spanish explorer Christopher Columbus (Cristobal Colon in Spanish).
The Costa Rican Colon is the currency in Costa Rica (CR, CRI). The symbol for CRC can be written C. The Costa Rican Colon is divided into 100 centimos. The exchange rate for the Costa Rican Colon was last updated on May 24, 2019 from Yahoo Finance. The CRC conversion factor has 5 significant digits.
- Costa Rica’s main income is from agriculture, tourism, and electronics.
- The service industry accounts for 68% of the country’s GDP.
- The main industries are textiles, clothing, plastic products, food processing, fertilizer, microprocessors, construction material, and medical equipment.
- Export products are coffee, bananas, sugar, seafood, medical equipment, ornamental plants, electronics, and pineapples.
- Import products are consumer goods, petroleum, raw as well as construction materials, and capital equipment.
- The unemployment rate is 7.8%.
- GDP growth is currently ~-1%.
- In 1896, the Costa Rican Peso was replaced by the Costa Rican Colon.
- In 1897, new coins were issued.
- Between 1917 and 1919, a subunit, the centavo, was introduced at 1/100 of a Colon. The country issued 5 centavos and 10 centavos in place of centimos. During that time 50 centavo coins were minted but never distributed.
- From 1914 to 1938, the International Bank of Costa Rica issued and distributed 5, 10, 20, 50, and 100 Colones notes. In the same period the National Bank of Costa Rica became the official bank for issuing paper money; they printed notes from 1937 to 1949.
- During the 1950s the Central Bank of Costa Rica started issuing banknotes.
- In 1958, the Central Bank added 1,000 colon notes to the range.
- In 2010, Costa Rican Colon notes were replaced by a new issue.
VEF - Venezuelan Bolívar (Bs.)
The Bolívar Fuerte has been the official currency of Venezuela since January 1, 2008. It is subdivided into 100 céntimos and replaced the Bolivar at the rate of Bs.F. 1 = Bs. 1,000 due to inflation.
The Venezuelan Bolivar Fuerte is the currency in Venezuela (VE, VEN). The Venezuelan Bolivar Fuerte is also known as Bolivars, and Bolívar. The symbol for VEF can be written Bs. F. The Venezuelan Bolivar Fuerte is divided into 100 centimos. The exchange rate for the Venezuelan Bolivar Fuerte was last updated on August 23, 2018 from Bloomberg. The VEF conversion factor has 4 significant digits.
- The economy of Venezuela is largely based on the petroleum sector, which accounts for roughly a third of the GDP, around 80% of total exports, and more than half of government operating revenues.
- Venezuela is the fifth-largest member of OPEC by oil production.
- From the 1950s to the early 1980s the Venezuelan economy experienced a steady growth that attracted many immigrants.
- During the collapse of oil prices in the 1980s the economy contracted. With high oil prices and rising government expenditures, Venezuela's economy grew by 9% in 2007, but was expected to shrink by 2.9% in 2009 and further in 2010.
- Venezuela has one of the highest inflation rates in the world, averaging 29.1% in 2010, according to the CIA world fact book.
- The Bolivar was adopted by the monetary law of 1879, replacing the short-lived venezolano at a rate of 5 Bolivares = 1 Venezolano.
- Initially, the Bolívar was on the silver standard, equal to 4.5 g fine silver, following the principles of the Latin monetary union. The monetary law of 1887 made the gold Bolívar unlimited legal tender, and the gold standard came into full operation in 1910.
- Venezuela went off the gold standard in 1930, and in the 1934 the Bolívar exchange rate was fixed in terms of the US Dollar at a rate of 3.914 Bolivares = 1 USD.
- In 1937, it was revalued to 3.18 Bolivares = 1 USD, a rate which lasted until 1941.
- Until February 18, 1983, now called Black Friday by many Venezuelans, the Bolívar had been the most stable and internationally accepted currency.