Denomination of Venezuelan Bolivars

The Redenomination of Venezuelan Bolivars took place on August 20, 2018. It changed the value of the currency and it eliminated 5 zeros from it.


XTRF has a solution for those who use this currency in their business:

  1. OpenExchangeRates synchronization has to be enabled - see https://xtrf.userecho.com/knowledge-bases/6/articles/730-currency-rates-synchronization for details.
  2. In order to adjust the value of rates from both Vendors and Clients by the aforementioned value, as well as the value of every OPEN quote and project which date of creation was after 20th of August, please contact our Service Desk.
  3. The last part is to change the currency name and codes. Here is a short video that guides you through this step: Changing a currency's name


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