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Venezuelan Bolívar Update - August 2018

As of August 20th, 2018, the government of Venezuela replaced the now-retired bolívar fuerte (VEF) with the newly issued bolívar soberano (VES). The conversion rate of the new currency is 1 VES for every 100,000 VEF.

For your convenience, Xapo has automatically converted all pre-existing VEF balances into a VES balance, which you can now view in your account. As always, you can exchange, withdraw, and transfer these funds from your account as you please. 

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