Venezuela Banco de Venezuela 500 Bolivares ND ca. PMG Gem Uncirculated 65 EPQ. The bank was founded in 1883 as Banco Comercial, which on 2 September 1890 changed its name to Banco de Venezuela. It was initially a loan and taxation financial institution for the Venezuelan government. In 1920, it had already established 10 branches in the country, and due to the lack of a central bank, the Banco de Venezuela became one of the six financial institutions with the right to issue banknotes, until the creation of the Banco Central de Venezuela in 1940.The item "Venezuela Banco de Venezuela 500 Bolivares Proof PMG 65 EPQ Gem Unc ca. 1916-21" is in sale since Wednesday, June 16, 2021. This item is in the category "Coins & Paper Money\Paper Money\ World\South America". The seller is "oceancoinandcard" and is located in Sarasota, Florida. This item can be shipped worldwide.