bolivar

noun
bo·​li·​var | \ bə-ˈlē-ˌvär How to pronounce bolivar (audio) , ˈbä-lə-vər How to pronounce bolivar (audio) \
plural bolivares\ ˌbä-​lə-​ˈvär-​ˌās How to pronounce bolivares (audio) , ˌbō-​lē-​ \ or bolivars

Definition of bolivar

 (Entry 1 of 2)

: the basic monetary unit of Venezuela — see Money Table

Bolívar

biographical name
Bo·​lí·​var

Definition of Bolívar (Entry 2 of 2)

Si*món \ sē-​ˌmōn-​bə-​ˈlē-​ˌvär How to pronounce sē-ˌmōn-bə-ˈlē-ˌvär (audio) ; ˌsī-​mən-​ˈbä-​lə-​ˌvär , -​vər\ 1783–1830 South American liberator

Examples of bolivar in a Sentence

Recent Examples on the Web: Noun

However, Venezuela’s 88%-a-month inflation will halve the bolivar’s spending power in less than two months. Simon Constable, WSJ, "What Is Hyperinflation?," 9 Dec. 2018 According to court documents in the Krull case, the conspiracy involved the use of Venezuela’s two-tiered currency-exchange system in which dollars bought far more bolivars on the black market than at the official government rate. José De Córdoba, WSJ, "Ex-Banker Pleads Guilty in Venezuela Money-Laundering Case," 23 Aug. 2018 With inflation slated to exceed 1.3 million percent this year, gold has supplanted the worthless national currency, the bolivar, for the Pemon Indians living in hamlets inside the park. Kejal Vyas |, WSJ, "Desperate Venezuelans Dig Up Paradise in Search of Gold," 20 Nov. 2018 But many economists predict it’ll collapse almost immediately, as the government continues to print bolivars with abandon to fund a deficit estimated at over 20 percent of gross domestic product. Jorge Rueda, The Seattle Times, "Maduro buys gold to boost savings amid five-digit inflation," 3 Sep. 2018 Maduro set the new monthly minimum wage at 1,800 sovereign bolivars, the new currency that goes into effect Monday. Fox News, "Venezuela hikes wages ahead of monetary overhaul," 17 Aug. 2018 Photographer: Wil Riera/Bloomberg Falcon is campaigning on a plan to remedy Venezuela's economic meltdown by swapping its near-worthless bolivar with the U.S. dollar as Ecuador and El Salvador have done. Philip Brian Tabuas, Bloomberg.com, "Venezuela Votes in a Presidential Election. Enthusiasm Is Absent," 19 May 2018 Chávez was inaugurated in February 1999, in the midst of a recovery in oil prices and with the bolivar at 576 to the dollar. Mary Anastasia O’grady, WSJ, "Venezuela’s Long Road to Hell," 10 June 2018 The salary increase ordered by Maduro will simply put more bolivares in the hands of consumers, who will rush to buy the few products available in stores and thereby drive prices even higher. Antonio Maria Delgado, miamiherald, "In Venezuela, inflation quadruples to 18,000 percent in two months, with no end in sight | Miami Herald," 2 May 2018

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'bolivar.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of bolivar

Noun

1879, in the meaning defined above

History and Etymology for bolivar

Noun

American Spanish bolívar, from Simón Bolívar

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Last Updated

25 Jan 2019

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The first known use of bolivar was in 1879

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More from Merriam-Webster on bolivar

Rhyming Dictionary: Words that rhyme with bolivar

Spanish Central: Translation of bolivar

Britannica.com: Encyclopedia article about bolivar

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