Definition

A unit of currency used in Venezuela, named after the South American liberator Simón Bolívar.

Example

The price of goods in Venezuela is often quoted in bolivars.

Conversation

Have you ever heard of the bolivar?

Yeah, it’s the currency of Venezuela, right?

Exactly! I read that it has gone through a lot of changes recently.

That’s true; I think it’s quite volatile at the moment.

Synonyms & Antonyms

Root Explanation

The word 'Bolivar' originates from the surname of Simón Bolívar, a Venezuelan military and political leader who played a key role in Latin America's successful struggle for independence from Spanish rule. The name itself is derived from the Basque word 'bolibar', which means 'to be free'.

Memory Tip

Think of Simón Bolívar as a symbol of freedom in Latin America, and remember that 'Bolivar' connects to the idea of being free.

Visually Confused Words