from The American Heritage® Dictionary of the English Language, 4th Edition
- n. See Table at currency.
from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. The currency of Venezuela.
from The Century Dictionary and Cyclopedia
- n. A gold, and also a silver, coin of Venezuela, worth about 19 cents.
- n. A large ginger-cake.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- n. the basic unit of money in Venezuela; equal to 100 centimos
- n. Venezuelan statesman who led the revolt of South American colonies against Spanish rule; founded Bolivia in 1825 (1783-1830)
The bolivar is now worth about one-ninth what it was then, relative to the dollar (which, of course, has also declined in value).
With Venezuelan crude oil around $80 per barrel, the local currency known as the bolivar ought to be strong.
Rica, some from Columbia, and so making sure we can pay those bills with a currency other than the bolivar is the challenge
The minimum wage in 2009 was 880 bolivares (the currency was devalued by a factor of 1000 a few years ago); the bolivar has since been devalued by half.
The devaluation of the Venezuelan bolivar cut sales by $11.4 million.
In December, the company wrote the plants off as discontinued operations, taking a $329 million charge related to the write-off as well as to the devalued bolivar, she aid.
Mattel Inc. and Clorox Co. in earnings calls also bemoaned the bolivar's decline.
Diageo PLC has been pegging the prices of its premium spirits to dollar equivalents and introducing less-expensive brands into Venezuela as the bolivar devalues, Diageo executives said in an interview last month.
For the company's first half, the weaker bolivar had a negative impact of £211 million $343 million.
"Unfortunately, we are facing further headwinds from the bolivar as we enter 2011," Mead Johnson's finance chief, Peter Leemputte , said during the company's fourth-quarter earnings call.
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