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Important Changes to Venezuelan Currency

edited Dec 6, 2019 12:52PM in General
Important Changes to Venezuelan Currency
  
This notice is for customers using the Venezuela locale on a Currency Record that has not been customized using the Override Currency Format option.

What is Changing?

The Central Bank of Venezuela is redenominating its currency, effective June 4, 2018.

We are immediately introducing a new currency ISO Code to support the upcoming redenomination. This new ISO code is in addition to the existing ISO codes for the Venezuela locale.

The new currency, the Bolivar Soberano, has the symbol Be. S and the ISO currency codeVES. With this change, the default ISO Code for all new currencies using the Venezuela locale will be VES. The default currency symbol for new and existing currencies with the Venezuela locale will be

Regards,

@Robert Nedelkow-Oracle | NetSuite Support Community Administrator

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