"New banknotes in denominations of 200 thousand, 500 thousand and 1 million bolivars will gradually begin to enter circulation," - said in a message from the Venezuelan Central Bank on Twitter.

BCV amplía Cono Monetario vigente con incorporación de tres nuevos billetes https://t.co/IppXQItxz1#BCV 🇻🇪 pic.twitter.com/WgDavsmLob

- Banco Central de Venezuela (@BCV_ORG_VE) March 5, 2021

It is noted that the new banknotes will go into circulation on March 8.

On the obverse of all banknotes, the national hero of the country, Simon Bolivar, is depicted.

Earlier, Venezuelan President Nicolas Maduro said that vaccination against coronavirus with the Chinese Sinopharm coronavirus vaccine would begin in the country on March 8.