History

Until 1821, the Spanish colonial real

Spanish colonial real

The silver real was the currency of the Spanish colonies in the Americas and the Philippines. In the seventeenth century the silver real was established at two billon reals or sixty-eight Spanish maravedís. Gold escudos were also issued...

 circulated in Venezuela. In 1802, a mint was opened in Caracas

Caracas

Caracas , officially Santiago de León de Caracas, is the capital and largest city of Venezuela; natives or residents are known as Caraquenians in English . It is located in the northern part of the country, following the contours of the narrow Caracas Valley on the Venezuelan coastal mountain range...

 and issued coins denominated in reales until 1821. Paper money was introduced in 1811 denominated in reales and pesos

Venezuelan peso

-History:Until 1821, the Spanish colonial real circulated in Venezuela. Between 1802 and 1821, the Caracas mint issued reales. In 1811, the United States of Venezuela was declared and issued paper money denominated in reales and pesos, with 8 reales = 1 peso. The Colombian real circulated in...

. The Colombian real

Colombian real

The real was the currency of Colombia until 1837. No subdivisions of the real existed until after the real had ceased to be the primary unit of currency. However, 8 reales = 1 peso and 16 reales = 1 escudo.-History:...

 circulated in Venezuela from 1821, with some coins struck in Caracas. In 1837, the Colombian real was replaced by the Colombian peso

Colombian peso

The peso is the currency of Colombia. Its ISO 4217 code is COP and it is also informally abbreviated as COL$. However, the official peso symbol is $. As 20 July 2011, the exchange rate of the Colombian peso is 1750 Colombian pesos to 1 U.S. dollar.-History:The peso has been the currency of Colombia...

 (subdivided into 8 reales), which was itself replaced by the Venezuelan peso

Venezuelan peso

-History:Until 1821, the Spanish colonial real circulated in Venezuela. Between 1802 and 1821, the Caracas mint issued reales. In 1811, the United States of Venezuela was declared and issued paper money denominated in reales and pesos, with 8 reales = 1 peso. The Colombian real circulated in...

 (subdivided into 10 reales) in 1843. The last real-denominated coins were struck in 1863.

Coins

From 1802, copper ⅛ and ¼ real coins were issued. Silver 1 and 2 reales followed in 1810. In 1812, the Republican government issued copper ⅛ and ¼ real and silver ½ and 1 real. From 1813, the provinces of Guayana

Guayana Region

The Guayana Region is an administrative region of Venezuela.The region has a population of 1,383,297 inhabitants and a territory of 458,344 km². It borders the independent nation of Guyana which forms part of The Guyanas...

 and Maracaibo

Maracaibo

Maracaibo is a city and municipality located in northwestern Venezuela off the western coast of the Lake Maracaibo. It is the second-largest city in the country after the national capital Caracas and the capital of Zulia state...

 issued copper ⅛ and ¼ real coins. The Royalists issued silver 1, 2 and 4 reales between 1817 and 1821. During the period Venezuela was part of Gran Colombia

Gran Colombia

Gran Colombia is a name used today for the state that encompassed much of northern South America and part of southern Central America from 1819 to 1831. This short-lived republic included the territories of present-day Colombia, Venezuela, Ecuador, Panama, northern Peru and northwest Brazil. The...

, silver ¼ real coins were struck at Caracas.