A currency control system operates in Venezuela, which means it is impossible to officially buy other currencies in the country.
You can change dollars (officially) at the airport (and only at the airport), at money exchange offices; also, you can get Bolivares at ATM’s or pay in any establishment that accept debit and/or credit cards.
In practice, it is possible to change local currency to dollars and occasionally euros on the black market. The black market gives far higher rates of exchange than the official, government regulated ones. If you do not use the black market rate, Venezuela is a very expensive country to visit. The only way a tourist will usually encounter the black market is in the form of a man approaching you (at the airport for example), quietly saying 'dollars, euros'. Changing money this way has a huge amount of risk (you could be given old bills/notes or simply be led away and robbed), however it is the only way to get the best value for your currency and consequently the best value for your visit to Venezuela.
Venezuela adopted the Bolivar Fuerte (BS.F) in January 2008. This involved knocking 3 zeros off the old Bolivar rate. The 2008 currency change means that, currently, about 3 different mintages of coins are currently in circulation. A large, silver 500 Bolivar coin is in fact only worth 50 centimos in the current currency. There are also 50 Bolivar coins, worth 5 centimos. 1000 Bolivar coins are worth 1 BSf, 2000 BSF notes are worth 2 bolivares. You will also notice that locals still talk in the 'old' currency rate, saying 4 thousand bolivars, when they mean (and expect to receive) 4 BSF. Notes are available in 100, 50, 20, 10, 5 and 2 BSF amounts. Coins in 1, 5, 10, 12.5 (!) and 50 centavos and 1 bolivar.
The current official exchange rate is 6.3 BSF = 1 USD (The black market rate is variable, please ask us in order to get a approximated black market exchange currency).
If you are willing to change money at the black market, please write to us at info@taxitocaracas in order to help you by doing it with us in a safe way.
Venezuela's Currency Control System
Since 2003 Venezuela's Government have establish a currency control system, making difficult for travelers to exchange their currency into the local currency "Bolivares".
The Way to Get There Safely