Venezuela 1 Million Bolivar, 2020 CIRCULATED

This 1 million Bolivar banknote represents a significant period in Venezuela's economic history, issued during a time of extreme hyperinflation. Released as part of the 2020 series, it serves as a tangible artifact of the country's monetary challenges and the rapid devaluation of the Bolivar Soberano. For collectors and educators, it provides a powerful illustration of modern economic history and the impact of inflation on a nation's currency system. The note features a portrait of the revolutionary leader Simon Bolivar on the obverse, a central figure in South American independence. The reverse commemorates the bicentennial of the Battle of Carabobo, a pivotal moment in Venezuela's struggle for sovereignty. Despite its high face value, the note incorporates standard security features of its era, such as a watermark and specialized printing techniques, making it an interesting study in banknote design produced under unique economic pressures.