The Bolívar Soberano (VES) is redenominated by removing six zeros from the denominations. A new currency code VED/926 representing the new valuation (1,000,000 times old VES/928) is introduced on 1 October 2021 for any internal needs during the redenomination process, but is not replacing VES as the official currency code. The Central Bank of Venezuela will not adopt the new codes in the local system,
VES/928 remains in use.
The actual currency code VES/928 remains the valid code after 1 October 2021 to use in any future
transactions to indicate the redenominated Bolívar Soberano.
Until further notice, VES/928 and VED/926 remain on "List one: Currency, fund and precious metal
codes".