Correct the Venezuelan Exchange Rate [Risolto]

Cita: "seltsamesammler"​Wrong info: The number on the coin page is wrong, but I think it's a bigger problem than Numista. I've found a number of conversion/exchange websites with wildly incorrect numbers for the value of a single VES, but accurate numbers for higher denominations. I think they're having trouble displaying the extremely small numbers involved and are defaulting to a $0.00 format and dropping the string of zeroes after the decimal point. If Numista displays the rate using one of these sources, it's going to glitch in the same way.
​
​One million VES is only ~$0.23.
​
​Edit: Wait! There may have been a redenomination: https://www.bloomberg.com/news/articles/2021-10-01/venezuela-s-battered-bolivar-gets-makeover-with-six-fewer-zeroes
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​If that has taken effect, the rate should be correct but the real value of the notes has been reduced.

Cita: "Amraan Amjad"​So This Means Everyone in Venezuela who has 200 Thousands, 500 Thousands and 1 Million Bolivars has 48074.12, 120185.30 240370.60 Respectively in USD
​No, Because the New Exchange Rate is Made to Comply with The New Bank Notes
​Not with Old Bank Notes
​

Cita: "rsirian1"​

Cita: "Amraan Amjad"​So This Means Everyone in Venezuela who has 200 Thousands, 500 Thousands and 1 Million Bolivars has 48074.12, 120185.30 240370.60 Respectively in USD
​​No, Because the New Exchange Rate is Made to Comply with The New Bank Notes
​​Not with Old Bank Notes
​​

​​You're correct. Good catch.

Cita: "Worldwide collection"​Just waiting for the new coin and notes to be added to the catalogue.

• VED 1 = VES 1,000,000 = USD 0.234
  
• or USD 1 = VED 4.27 = VES 4,273,504
  

Cita: "Amraan Amjad"​Still not Corrected

Cita: "ceh2019"​It might have helped if the end date for the previous currency was added.

CitaThe Bolívar Soberano (VES) is redenominated by removing six zeros from the denominations. A new currency code VED/926 representing the new valuation (1,000,000 times old VES/928) is introduced on 1 October 2021 for any internal needs during the redenomination process, but is not replacing VES as the official currency code. The Central Bank of Venezuela will not adopt the new codes in the local system, VES/928 remains in use.
The actual currency code VES/928 remains the valid code after 1 October 2021 to use in any future transactions to indicate the redenominated Bolívar Soberano.

Cita: "Xavier"​Hello,
​
​I just made a fix for that.
​See: https://en.numista.com/catalogue/note278130.html
​
​The best explanation I found is in the ISO 4217 amendment:
​

Cita​The Bolívar Soberano (VES) is redenominated by removing six zeros from the denominations. A new currency code VED/926 representing the new valuation (1,000,000 times old VES/928) is introduced on 1 October 2021 for any internal needs during the redenomination process, but is not replacing VES as the official currency code. The Central Bank of Venezuela will not adopt the new codes in the local system, VES/928 remains in use.
​The actual currency code VES/928 remains the valid code after 1 October 2021 to use in any future transactions to indicate the redenominated Bolívar Soberano.

​Source: https://www.six-group.com/dam/download/financial-information/data-center/iso-currrency/amendments/dl_currency_iso_amendment_170.pdf
​
​So basically Venezuela changed the value of their currency but they keep the same currency code VES.
​
​This leads to a weird situation when looking at exchange rate, where you need to differentiate between the old VES and the new VES.
​
​Source: XE.com

Cita: "ceh2019"​We're still waiting for the two notes I submitted to be approved. Then things will become a little clearer to the casual observer.