Bolivars are a currency used in Venezuela. They are named after Simon Bolivar, a Venezuelan military and political leader who played a key role in the country’s struggle for independence from Spain. Bolivars have been the official currency of Venezuela since 1879, and they are still used today despite the country’s economic challenges.
Definitions
Bolivars are the official currency of Venezuela. They are abbreviated as Bs. or VES (Venezuelan Bolivar Soberano). Bolivars are used to purchase goods and services within the country and are also used for international transactions.
Origin
Bolivars were named after Simon Bolivar, who is considered a national hero in Venezuela. Bolivar played a key role in the country’s struggle for independence from Spain in the early 19th century. The currency was first introduced in 1879, and it has undergone several changes over the years.
Meaning in different dictionaries
According to the Oxford English Dictionary, bolivars are “the monetary unit of Venezuela.” Merriam-Webster defines bolivars as “the basic monetary unit of Venezuela.” The Cambridge Dictionary defines bolivars as “the currency used in Venezuela.”
Associations
Bolivars are associated with Venezuela and its economy. The value of the bolivar has fluctuated significantly in recent years due to economic challenges facing the country, including hyperinflation and a shortage of goods and services.
Synonyms
There are no direct synonyms for bolivars, as it is a proper noun that refers specifically to the currency of Venezuela.
Antonyms
There are no direct antonyms for bolivars, as it is a proper noun that refers specifically to the currency of Venezuela.
The same root words
Bolivars do not have any root words, as it is a proper noun that refers specifically to the currency of Venezuela.
Example Sentences
- I need to exchange my dollars for bolivars before I can buy anything in Venezuela.
- The value of bolivars has decreased significantly in recent years due to economic challenges in the country.
- Many Venezuelans struggle to afford basic necessities due to the high inflation rate of bolivars.
- The government of Venezuela has implemented several policies to try to stabilize the value of bolivars.