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Bolivar
(redirected from Venezuelan bolivar)

   Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.01 sec.
Bolivar
Simon . 1783--1830, South American soldier and liberator. He drove the Spaniards from Venezuela, Colombia, Ecuador, and Peru and hoped to set up a republican confederation, but was prevented by separatist movements in Venezuela and Colombia (1829--30). Upper Peru became a separate state and was called Bolivia in his honour

Bolivar 

a department in northern Colombia located on a plain and bounded on the east by the Magdalena River. Area, 26,400 sq km; population, 820,800 (1969). Its administrative center is Cartagena. Much of the land is devoted to livestock grazing, and there are crop-producing areas with tobacco, rice, sugarcane, cotton, and fruit-growing (bananas and other fruits) plantations. Bolivar has stockpiles of valuable timber. Petroleum is extracted and refined, and there are food-processing and textile industries.


Bolivar 

a French term designating a wide-brimmed men’s hat that was fashionable in a number of countries in the 1820’s.



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The revival of the oil industry grants the government access to much needed hard currency, allowing it to counter the destabilisation of the Venezuelan Bolivar, currently worth around 1593VEB to the US$, and redirect funds to a variety of social projects begun as part Of a series of reforms known as the proceso.
The Venezuelan bolivar has lost about 30% of its value since the onset of a widespread national strike on December 2, 2002.
The author notes that as a result of the weakening Venezuelan bolivar, drug market expenditure in US dollars will experience a decline over the forecast period to US$2.
 
 
 
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