VEF to CRC

VEF - Venezuelan Bolívar (Bs.)
CRC - Costa Rican Colón ()
1 VEF1 CRC

Currency conversion rates from VEF to CRC

VEFCRC
1 VEF1 CRC
5 VEF5 CRC
10 VEF10 CRC
20 VEF20 CRC
50 VEF50 CRC
100 VEF100 CRC
250 VEF250 CRC
500 VEF500 CRC
1000 VEF1000 CRC
2000 VEF2000 CRC
5000 VEF5000 CRC
10000 VEF10000 CRC
CRCVEF
1 CRC1 VEF
5 CRC5 VEF
10 CRC10 VEF
20 CRC20 VEF
50 CRC50 VEF
100 CRC100 VEF
250 CRC250 VEF
500 CRC500 VEF
1000 CRC1000 VEF
2000 CRC2000 VEF
5000 CRC5000 VEF
10000 CRC10000 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.

Economy

  • 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%.

History

  • 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.

More information about CRC - Costa Rican Colón ()


VEF - Venezuelan Bolívar (Bs.)

Venezuelan Bolívar

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.

Economy

  • 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.

History

  • 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.

More information about VEF - Venezuelan Bolívar (Bs.)