Bolivar is the monetary unit of

The Bolivar is the official monetary unit of Venezuela [1]. Named after the South American independence leader Simón Bolívar, the currency has undergone several re-denominations due to hyperinflation, including the Bolívar Fuerte (VEF), Bolívar Soberano (VES), and the Digital Bolívar (VED) [t2][t9]. While it was historically a stable currency, it is now often cited as an example of a 'soft currency' due to its extreme volatility and depreciation [c1]. In contrast, the currency of Bolivia is the Boliviano (BOB) [t1][t7], Brazil uses the Real (BRL) [t5][t7], and Belarus uses the Belarusian Ruble (BYN/BYR) [t5][t7]. The Venezuelan Bolivar remains the primary legal tender authorized by the Venezuelan government for domestic exchange [c2][t2].

Sources

1. [1] Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 17: India’s Foreign Exchange and Foreign Trade > HARD CURRENCY VERSUS SOFT CURRENCY > p. 501