three equal horizontal bands of yellow (top), blue, and red with the coat of arms on the hoist side of the yellow band and an arc of eight white five-pointed stars centered in the blue band
the flag retains the three equal horizontal bands and three main colors of the banner of Gran Colombia, the South American republic that broke up in 1830
yellow is interpreted as standing for the riches of the land, blue for the courage of its people, and red for the blood shed in attaining independence
the seven stars on the original flag represented the seven provinces in Venezuela that united in the war of independence
in 2006, then President Hugo CHAVEZ ordered an eighth star added to the star arc - a decision that sparked much controversy - to conform with the flag proclaimed by Simon Bolivar in 1827 and to represent the historic province of Guayana