An official report on 1st November stated that Venezuelan President Nicolas Maduro is soon going to introduce a 100,000-bolivar banknote to expand the monetary system and improve the country’s economy.
The design of the new note is exactly similar to that of the existing 100-bolivar note, the only difference is its colour, which is yellow. A Simon Bolivar is depicted on the obverse while a cardenalito bird and the Waraira Repano National Park is depicted on the reverse.
For ease of identification, the denomination is spelled as "cien mil bolivares" or hundred thousand bolivares instead of "cien bolivares." The number "100" remains above this denomination. Just three more letters MIL were engraved on the old printing plates.