diff --git a/plugins/woocommerce/changelog/update-venezuelan-currency b/plugins/woocommerce/changelog/update-venezuelan-currency
new file mode 100644
index 00000000000..e04b7c2c650
--- /dev/null
+++ b/plugins/woocommerce/changelog/update-venezuelan-currency
@@ -0,0 +1,4 @@
+Significance: minor
+Type: enhancement
+
+Update Venezuelan currency: Bolívar (Bs.).
diff --git a/plugins/woocommerce/includes/wc-core-functions.php b/plugins/woocommerce/includes/wc-core-functions.php
index 23103042fb6..3ab480886db 100644
--- a/plugins/woocommerce/includes/wc-core-functions.php
+++ b/plugins/woocommerce/includes/wc-core-functions.php
@@ -631,8 +631,8 @@ function get_woocommerce_currencies() {
 					'USD' => __( 'United States (US) dollar', 'woocommerce' ),
 					'UYU' => __( 'Uruguayan peso', 'woocommerce' ),
 					'UZS' => __( 'Uzbekistani som', 'woocommerce' ),
-					'VEF' => __( 'Venezuelan bolívar', 'woocommerce' ),
-					'VES' => __( 'Bolívar soberano', 'woocommerce' ),
+					'VEF' => __( 'Venezuelan bolívar (2008–2018)', 'woocommerce' ),
+					'VES' => __( 'Venezuelan bolívar', 'woocommerce' ),
 					'VND' => __( 'Vietnamese đồng', 'woocommerce' ),
 					'VUV' => __( 'Vanuatu vatu', 'woocommerce' ),
 					'WST' => __( 'Samoan tālā', 'woocommerce' ),
@@ -817,7 +817,7 @@ function get_woocommerce_currency_symbols() {
 			'UYU' => '$',
 			'UZS' => 'UZS',
 			'VEF' => 'Bs F',
-			'VES' => 'Bs.S',
+			'VES' => 'Bs.',
 			'VND' => '₫',
 			'VUV' => 'Vt',
 			'WST' => 'T',
diff --git a/plugins/woocommerce/tests/api-core-tests/data/settings.js b/plugins/woocommerce/tests/api-core-tests/data/settings.js
index f635f7d5e0a..1c438f874a3 100644
--- a/plugins/woocommerce/tests/api-core-tests/data/settings.js
+++ b/plugins/woocommerce/tests/api-core-tests/data/settings.js
@@ -158,8 +158,8 @@ const currencies = {
 	"USD": "United States (US) dollar ($)",
 	"UYU": "Uruguayan peso ($)",
 	"UZS": "Uzbekistani som (UZS)",
-	"VEF": "Venezuelan bolívar (Bs F)",
-	"VES": "Bolívar soberano (Bs.S)",
+	"VEF": "Venezuelan bolívar (2008–2018) (Bs F)",
+	"VES": "Venezuelan bolívar (Bs.)",
 	"VND": "Vietnamese đồng (₫)",
 	"VUV": "Vanuatu vatu (Vt)",
 	"WST": "Samoan tālā (T)",
diff --git a/plugins/woocommerce/tests/api-core-tests/tests/data/data-crud.test.js b/plugins/woocommerce/tests/api-core-tests/tests/data/data-crud.test.js
index b25231e80c4..08edbe83848 100644
--- a/plugins/woocommerce/tests/api-core-tests/tests/data/data-crud.test.js
+++ b/plugins/woocommerce/tests/api-core-tests/tests/data/data-crud.test.js
@@ -6016,7 +6016,7 @@ test.describe('Data API tests', () => {
 		expect(responseJSON).toEqual(expect.arrayContaining([
 			expect.objectContaining({
 				"code": "VEF",
-				"name": "Venezuelan bolívar",
+				"name": "Venezuelan bolívar (2008–2018)",
 				"symbol": "Bs F",
 				"_links": {
 					"self": [{
@@ -6031,8 +6031,8 @@ test.describe('Data API tests', () => {
 		expect(responseJSON).toEqual(expect.arrayContaining([
 			expect.objectContaining({
 				"code": "VES",
-				"name": "Bolívar soberano",
-				"symbol": "Bs.S",
+				"name": "Venezuelan bolívar",
+				"symbol": "Bs.",
 				"_links": {
 					"self": [{
 						"href": expect.stringContaining("data/currencies/VES")
diff --git a/plugins/woocommerce/tests/legacy/unit-tests/util/class-wc-tests-core-functions.php b/plugins/woocommerce/tests/legacy/unit-tests/util/class-wc-tests-core-functions.php
index 580d15e58f8..ddfea9eed70 100644
--- a/plugins/woocommerce/tests/legacy/unit-tests/util/class-wc-tests-core-functions.php
+++ b/plugins/woocommerce/tests/legacy/unit-tests/util/class-wc-tests-core-functions.php
@@ -193,8 +193,8 @@ class WC_Tests_Core_Functions extends WC_Unit_Test_Case {
 			'USD' => 'United States (US) dollar',
 			'UYU' => 'Uruguayan peso',
 			'UZS' => 'Uzbekistani som',
-			'VEF' => 'Venezuelan bolívar',
-			'VES' => 'Bolívar soberano',
+			'VEF' => 'Venezuelan bolívar (2008–2018)',
+			'VES' => 'Venezuelan bolívar',
 			'VND' => 'Vietnamese đồng',
 			'VUV' => 'Vanuatu vatu',
 			'WST' => 'Samoan tālā',