Convert 1 Venezuelan Bolivar (VEF) to British Pound Sterling (GBP)
Exchange rates used for currency conversion updated on March 29th 2020 ( 03/29/2020 )
Below you will find the latest exchange rates for exchanging Venezuelan Bolivar (VEF) to British Pound Sterling (GBP) , a table containing most common conversions and a chart with the pair's evolution.
The Venezuelan Bolivar (VEF) to British Pound Sterling (GBP) rates are updated every minute using our advanced technology for live forex currency conversion. Check back in a few days for things to buy with this amount and information about where exactly you can exchange currencies online and offline.
The official currency of Venezuela is the bolivar. The bolivar is issued in denominations of 1000, 2000, 5000, 10000, 20000 and 50000. Exchanges can be made at foreign currency exchange offices but only for converting foreign currency to bolivar. Exchange offices buy foreign currency only. They do not sell it. Airport terminals offer desks where foreign currency can be purchased before leaving the country.
About British Pound Sterling (GBP)
Monetary policies affecting the pound sterling (GBP) are dispersed amongst 8 separate central banks throughout the territories, dependencies, and countries of the United Kingdom. The Bank of England is the primary central bank and is responsible for monetary policy and currency issuance in England, Wales, Scotland, and Northern Ireland. This floating currency is the third most widely held reserve currency in the world. The future of the GBP is dependent upon the political decision of whether or not to allow the GBP to be absorbed by the euro, effectively placing all of the United Kingdom into the eurozone.