Bolivars

Part of speech: noun

Definitions

1. The currency of Venezuela, which is used as the primary monetary unit for transactions and trade within the country
2. A unit of currency that has experienced significant inflation and devaluation over time in Venezuela
3. The official monetary unit in Venezuela, named after the independence leader Simón Bolívar and utilized in everyday commerce

Etymology: "Bolivars" is the plural of "bolivar," the name of Venezuela's currency. The singular is named after Simón Bolívar, the South American independence leader who helped liberate much of the northern part of the continent from Spanish rule in the early nineteenth century. The currency took his name as a tribute to him, and the coin and note denominations are counted in the plural form "bolivars" in everyday speech and official use.