Venezuela Currency to Inr: If you go to Venezuela with 10,000 rupees from India, how much will you get there?
Venezuela, the country with the world's largest oil reserves, is in such a state that 10,000 Indian rupees are worth more than 32,000 bolivars. Learn about the economic situation there and the complete mathematics of its currency.
Venezuela Currency to Inr: The US attacked Venezuela in a highly secretive and well-planned military operation, changing the regime there in the blink of an eye.
The US military gave the green light to a long-planned operation and within just 30 minutes arrested Venezuelan President Nicolas Maduro and his wife Cilia Flores.
With Maduro's arrest, there is an atmosphere of uncertainty in Venezuela. But amidst this political turmoil, the question in the mind of the common man is: why is the condition of the country which has the world's largest crude oil reserves so bad? What is the condition of its currency?
Oil wells are full, but pockets are empty.
Venezuela's story is nothing short of a paradox. Nature blessed this country with vast reserves of crude oil, which could have made it the richest nation in the world.
However, poor economic policies and strained relations with Western countries, especially the United States, have brought it to the brink of bankruptcy. The situation has become so dire that in 2017, the country officially declared itself bankrupt.
Inflation is so rampant there that people carry bags full of currency to get a handful of groceries. The loss of confidence from foreign investors and the onslaught of persistent sanctions have crippled Venezuela's currency, the bolivar (VES). The economy's continued decline has made life difficult for its citizens, as their currency has lost significant value in the international market.
Value of 10,000 Indian rupees in Venezuela
How rich would we be if our currency was accepted there? India and Venezuela have always had friendly relations, and we also buy large quantities of oil from there. Statistics show that in 2024, India imported approximately 22 million barrels of oil from Venezuela.
Understanding the mathematics of exchange rates, the Indian Rupee (INR) outweighs the Venezuelan Bolivar (VES). According to 2025 data, 1 Indian Rupee is equivalent to approximately 3.22 Venezuelan Bolivars.
Thus, if you take 10,000 Indian Rupees to Venezuela, you will receive approximately 32,200 to 32,500 Bolivars upon exchange.
This may sound large, but due to the skyrocketing inflation there, the purchasing power of these 32,000 Bolivars is very low. Meaning, you may get bundles of notes, but they will only buy very little.