Money and duty free for Venezuela
Currency and Money
Bolívar (Nueva expression monetaria) (VED; symbol Bs. D.) = 100 céntimos. Notes are in denominations of Bs. D. 100, 50, 20, 10 and 5; coin denominations are Bs. D. 1 and 50 and 25 céntimos.
Visa, MasterCard, and American Express are accepted in the main cities and tourist areas. Most people in Venezuela now use debit cards or e-wallets (like HayPunto and Zoom) to pay for goods and services.
Due to hyperinflation, local banknotes are in short supply. Apart from credit cards and debit cards, take US dollars with you. Also, consider setting up a Western Union account which allows you to pick up your deposited funds at any Zoom branch (Zoom is an authorised agent of Western Union in Venezuela).
ATMs are available, but not widespread in rural areas.
Travellers cheques are no longer popular.
Amounts over USD $10,000 or equivalent must be declared.
Strict controls are in place on the exchange of local and foreign currency in Venezuela.
Venezuela duty free
The following items may be imported into Venezuela without incurring customs duty:
Gifts and personal effects such as watches, clothing, toiletries, laptops, mobile phones, musical instruments, video cameras, cameras, sports equipment, toys, etc. up to a value of US$1,000.
Narcotics and radioactive, bacteriological and chemical substances are prohibited.
Restricted items include dairy products, flowers, living animals, birds, weapons and artworks.