What is the currency of Bolivia?
"Bolivia experienced a budget surplus of about 1.5% of GDP in 2012. Expenditures were nearly US$12.2 billion while revenues amounted to about US$12.6 billion. The government runs surplus accounts since 2005. The Bolivian currency is the boliviano (ISO 4217: BOB; symbol: Bs.) One boliviano is divided into 100 centavos. The boliviano replaced the Bolivian peso at a rate of one million to one in 1987 after many years of rampant inflation. At that time, 1 new boliviano was roughly equivalent to 1 U.S. dollar. At the end of 2011 the boliviano was only worth around 0.145 U.S. Dollar. Annual interest"
"Bolivian boliviano The boliviano (sign: Bs ISO 4217 code: BOB) is the currency of Bolivia. It is divided into 100 cents or centavos in Spanish. Boliviano was also the name of the currency of Bolivia between 1864 and 1963. The first boliviano was introduced in 1864. It was equivalent to eight ""soles"" or half a ""scudo"" in the former currency. Initially, it was subdivided into 100 ""centécimos"" but this was altered to centavos in 1870. The name ""bolivar"" was used for an amount of ten bolivianos. Following many years of rampant inflation, the bolivian peso was replaced in 1987 by"
"of 2013 the Boliviano is still manufactured abroad, in countries such as United Kingdom, France, and Chile; although Bolivia is politically independent since 1825. Though Bolivia was one of the main mints of the colonial era (casa de la moneda, Potosí) the coining and printing of currency stopped due to lack of political interest and on the idea that foreign made coins and banknotes could be acquired at a lower price than the Bolivian made coins and banknotes. Bolivian boliviano The boliviano (sign: Bs ISO 4217 code: BOB) is the currency of Bolivia. It is divided into 100 cents or"
"25 P-192C| $b.1,000,000 (blue...) ■ 23 P-193| $b.5,000,000 (brown...) ■ 24 P-194| $b.10,000,000 (lilac...) Bolivian peso The peso boliviano (ISO 4217 code: BOP), divided into 100 ""centavos"", was the currency of Bolivia from January 1, 1963 until December 31, 1986. It was replaced by the boliviano at 1,000,000 pesos bolivianos = 1 boliviano. ""$b."" was the currency symbol for the peso boliviano. On December 15, 1959, Bolivia had introduced a comprehensive economic stabilization program that abolished most currency restrictions on the boliviano, which had suffered badly from inflation. The program adopted a fluctuating exchange rate that was finally stabilized in"
"Bolivian peso The peso boliviano (ISO 4217 code: BOP), divided into 100 ""centavos"", was the currency of Bolivia from January 1, 1963 until December 31, 1986. It was replaced by the boliviano at 1,000,000 pesos bolivianos = 1 boliviano. ""$b."" was the currency symbol for the peso boliviano. On December 15, 1959, Bolivia had introduced a comprehensive economic stabilization program that abolished most currency restrictions on the boliviano, which had suffered badly from inflation. The program adopted a fluctuating exchange rate that was finally stabilized in 1962 at 11,875 bolivianos to the US dollar. The currency reform of January 1,"
"Bolivian boliviano (1864–1963) The first Bolivian boliviano was the currency of Bolivia from 1864 to 1963. Due to rising inflation, it was replaced with the Bolivian peso at an exchange rate of bolivianos to peso. The peso was later replaced by the second Bolivian boliviano. The first boliviano was introduced in 1864. It was equivalent to eight ""soles"" or half a ""scudo"" in the former currency. Initially, it was subdivided into 100 ""centécimos"" but this was altered to centavos in 1870. The name ""bolivar"" was used for an amount of ten bolivianos. The boliviano was initially pegged at a rate"
"issuance, with notes for 1, 5, 10, 20, 50, 100, 500 and 1000 bolivianos. 5000 and 10,000 boliviano notes followed in 1942. Post-inflation economic period annual percentage rate capital appreciation and growth made all the inflation period bolivianos cash banknotes at par value current and legally circulating with the new. Bolivian boliviano (1864–1963) The first Bolivian boliviano was the currency of Bolivia from 1864 to 1963. Due to rising inflation, it was replaced with the Bolivian peso at an exchange rate of bolivianos to peso. The peso was later replaced by the second Bolivian boliviano. The first boliviano was introduced"
"tender. The smaller 2 boliviano coin is almost the same as the 1 boliviano coin, leading to potential confusion, although the 2 boliviano coins are undecagonal whilst the 1 boliviano coins are round. All the coins in Bolivia has the obverse the number of the amount of money with the inscription ""La union es la Fuerza"" (""Union is strength"" in Spanish) and in the reverse the coat of arms of Bolivia with the inscription ""Estado Plurinacional de Bolivia"" (Plurinational state of Bolivia). In 1987, peso boliviano banknotes were overprinted with denominations in centavos and bolivianos to produce provisional issues of"
"of Bolivia, Franz Tamayo and in the reverse an image of ruins of the Pre-Inca empire of Tihuanaco in the shores of Lake Titicaca in the state or department of La Paz As of 2013. The 2 and 5 Bolivianos bills are officially out of circulation. In 2018, the Banco Central de Bolivia unveiled a new family of banknotes, and will be issued by order of denomination. The notes are the first to bear the formal name of Bolivia ""Estado Plurinacional de Boliva"" (""Plurinational State of Bolivia""), to reflect the multiculturalism of the country and all of its citizens. As"
"official language of Bolivia. Spanish is the most-spoken language (60.7%) within the population. The main religions of Bolivia are Catholicism (81.8%), Evangelicalism (11.5%), and Protestantism (2.6%). Education is of poor quality, and has a 91.2% literacy rate. An estimated 7.6% of the country's gross domestic product (GDP) is spent on education. The average monthly household income was Bs.1,378 ($293) in 1994. In December 2013 the unemployment rate was 3.2% of the working population. Average urbanisation rate in Bolivia is 67%. The first true estimate of the population of Bolivia came in 1826, which 997,427 inhabitants were estimated. This number was"
"in Bolivia were: 2016 average monthly income was estimated in 4,319 Bs. An increase from average monthly income in 1994 of Bs.1,378 ($293). Since April 2014, the minimum wage in Bolivia is Bs.1,488 ($215) per month. The unemployment rate in Bolivia in 2015 was 7.4%. There are an estimated 4.7 million workers in Bolivia. Of that population, 48% are considered to be services, 32% are industry workers (mining, smelting, petroleum, food and beverages, tobacco, handicrafts, clothing, jewelry), and 32% are agriculture workers (soybeans, coffee, coca, cotton, corn, sugarcane, rice, potatoes; Brazil nuts; timber). In comparison with other countries in South"
"of 1 boliviano = 5 French francs. On December 31, 1908, the currency was put on a new gold standard, with 12½ bolivianos = 1 British pound. A series of devaluations relative to the pound followed: In 1940, multiple exchange rates to the U.S. dollar were established (40 and 55 bolivianos = 1 dollar). However, the boliviano continued to fall in value. In 1963, it was replaced by the ""peso boliviano"" (ISO 4217: BOP) at a rate of one thousand to one. In 1864, copper 1 and 2 centecimos, and silver , , and 1 boliviano were introduced. In 1870,"
"produce the required image on both sides, which had been used since the first coins at Potosí continued at the old factory until 1773. Nevertheless, the first screw-press coins were produced in 1767 as used as such until 1869 when moveable steam presses were installed. The Republic of Bolivia was formed on the 6 August 1825. Little after a conflict that stretched 15 years with the support of Simón Bolívar and Antonio José de Sucre, the administrative organization and monetary unit was established, albeit with numerous difficulties. Two years would have to pass, whilst Spanish currencies continued circulating, before the"
"set by IMF programs since 1987, though economic crises have undercut Bolivia's normally good record. However, by 2013 the foreign assistance is just a fraction of the government budget thanks to tax collection mainly from the profitable exports to Brazil and Argentina of natural gas. The income from tourism has become increasingly important. Bolivia's tourist industry has grown gradually since about 1990. The amount in reserve currencies and gold held by Bolivia's Central Bank advanced from 1.085 billion US dollars in 2000, under Hugo Banzer Suarez's government, to 15.282 billion US dollars in 2014 under Evo Morales' government. The General"
"million per dollar. A new monetary unit, the boliviano, was created by Law No. 901 of November 28, 1986, and a currency reform was announced December 30, 1986, effective January 1, 1987. This new boliviano replaced the peso boliviano at 1 boliviano = 1,000,000 pesos bolivianos. Reform coinage was introduced in 1965 in denominations of 5, 10, 20, and 50 centavos. A 1 peso boliviano coin was introduced in 1968, a 25-centavo coin in 1971, and a 5 peso boliviano coin in 1976. The last peso boliviano-denominated coins were struck in 1980. copper-clad steel: ■ 01 km#187| 5c (1965, 1970)"
"National Mint of Bolivia The National Mint of Bolivia () or the Mint of Potosí (in colonial era) is a mint located in the city of Potosí in Bolivia. It is from this mint that most of the silver shipped through the Spanish Main came. The coinage minted during its period became so well known in the world that a saying, memorialized by Miguel de Cervantes came into use: ""valer un potosí"", ""to be worth a potosí"" (that is, ""a fortune""). Silver mining at Cerro Rico (a mountain of silver ore), a growth of population and a commercial expansion coupled"
"do so, instead stating that any transnational corporations operating in Bolivia legally would not be expropriated. Under Morales, Bolivia experienced unprecedented economic strength, resulting in the increase in value of its currency, the boliviano. His first year in office ended with no fiscal deficit; the first time this had happened in Bolivia for 30 years, while during the global financial crisis of 2007–08 it maintained some of the world's highest levels of economic growth. Such economic strength led to a nationwide boom in construction, and allowed the state to build up strong financial reserves. Although the levels of social spending"
"a new boliviano at a rate of one million to one ( when 1 US dollar was worth 1.8/1.9 million pesos ). At that time, 1 new boliviano was roughly equivalent to 1 U.S. dollar. In 1988, stainless-steel 2, 5, 10, 20 and 50 centavo and 1 boliviano (dated 1987) coins were introduced, followed by stainless-steel 2 bolivianos in 1991. Copper-plated steel 10 centavos were introduced in 1997 and bi-metallic 5 bolivianos in 2001. The 2 and 5 centavo coins are no longer in circulation. The 2 boliviano coin has been minted in two sizes, both of which remain legal"
"Venezuelan bolívar The bolívar soberano (sign: Bs.S. or Bs.; plural: ""bolívares soberanos;"" ISO 4217 code: VES) is the main currency of Venezuela since 20 August 2018. Since that date, it has been due to replace the bolívar fuerte (""strong bolívar"", sign: Bs.F., ISO 4217 code: VEF) after a transition period. The primary reason for replacement, at a rate of 1 Bs.S. to 100,000 Bs.F, was hyperinflation. On 1 January 2008, the bolívar fuerte had itself replaced, because of inflation, the original bolívar introduced in 1879 (sign: Bs.; ISO 4217 code: VEB). It did so at a rate of 1 Bs.F."
"per month, it would then increase to 660 bolivianos (67 euros) per month. Morales had earlier stated that it should be increased by 100%. However, 6 out of 10 workers are part of the informal economy, thus limiting the impact of this increase. Fulfilling a campaign promise, Morales opened on August 6, 2006 an assembly to begin writing a new constitution aimed at giving more power to the indigenous majority. Morales supports a movement to teach indigenous languages such as Aymara, Quechua, and Guaraní which are spoken mainly in the rural areas of Bolivia. His government estimates that only 37%"
"for the results in the Odesur 2018 Games held in Cochabamba. Bolivia Bolivia (; ; ; ; ), officially the Plurinational State of Bolivia (), is a landlocked country located in western-central South America. The capital is Sucre while the seat of government and financial center is located in La Paz. The largest city and principal industrial center is Santa Cruz de la Sierra, located on the Llanos Orientales (tropical lowlands) a mostly flat region in the east of Bolivia. The sovereign state of Bolivia is a constitutionally unitary state, divided into nine departments. Its geography varies from the peaks"
"Bolivia Bolivia (; ; ; ; ), officially the Plurinational State of Bolivia (), is a landlocked country located in western-central South America. The capital is Sucre while the seat of government and financial center is located in La Paz. The largest city and principal industrial center is Santa Cruz de la Sierra, located on the Llanos Orientales (tropical lowlands) a mostly flat region in the east of Bolivia. The sovereign state of Bolivia is a constitutionally unitary state, divided into nine departments. Its geography varies from the peaks of the Andes in the West, to the Eastern Lowlands, situated"
"1963 adopted the peso boliviano, equal to 1,000 bolivianos, with an initial central exchange rate of 11·875 per US$1. But inflation soon returned and the peso boliviano was devalued 39.4% on October 27, 1972, with a new official rate of 20·00 per US$1. This rate was maintained until November 30, 1979, when the peso boliviano was put on a controlled float, initially at 25·00 per dollar. Inflation accelerated. The official rate was devalued February 5, 1982 to 44 per US$1. The average exchange rate was 64·12 per in 1982, 229·78 per in 1983, and 2,314 per in 1984. By September"
"38.6%, and it has one of the lowest crime rates in Latin America. Its main economic activities include agriculture, forestry, fishing, mining, and manufacturing goods such as textiles, clothing, refined metals, and refined petroleum. Bolivia is very rich in minerals, including tin, silver, and lithium. Bolivia is named after Simón Bolívar, a leader in the Spanish American wars of independence. The leader of Venezuela, Antonio José de Sucre, had been given the option by Bolívar to either unite Charcas (present-day Bolivia) with the newly formed Republic of Peru, to unite with the United Provinces of Rio de la Plata, or"
"Aymara (14.6), and Guaraní (0.6%), plus other 33 native languages. Originally only Spanish, Aymara, and Quechua were the official languages until the 2009 Constitution was passed. According to the 2001 census, 60.7% of the population over six years old is able to speak Spanish and/or speaks it as a native language. In a 2012 Gallup poll, 87% answered affirmatively when asked ""Is religion important in your daily life?"" The literacy rate in Bolivia is 94.98%. Healthcare expenditures comprise only 4.9% of the GDP. According to the 2013 ""World Factbook"", Bolivia ranks 161st in life expectancy with an average age of"
"their bravery, Bolivia now marks May 27 as Mother's Day. In 1900, the population was 21,886. Besides a number of schools and charitable institutions, the diocese has 55 parishes, 80 churches and chapels, and 160 priests. In 1998, the International Monetary Fund (IMF) agreed to give Bolivia a loan of $138 million to control inflation and promote economic growth. However, it only agreed to do so on the condition that Bolivia sell ""all remaining public enterprises,"" including its national oil refineries and the local water company, SEMAPA. In 1999, a group of private investors, specifically the Bechtel Corporation, came together"
"1, 5, 10 and 50 centavos, and 1, 5 and 10 bolivianos. Regular issues followed the same year in denominations of 2, 5, 10, 20, 50, 100 and 200 bolivianos. The 2 boliviano note was replaced by a coin in 1991, with the same happening to the 5 boliviano in 2001, although the Bolivian central bank still lists the 5 boliviano note as ""in circulation"" -The 10 Bolivianos bill has in the obverse to the painter Cecilio Guzman and reverse an image of city of Cochabamba. -The 20 Boliviano bill has in the obverse to the lawyer Pantaleon Dalence and"
"ALBA leaders agreed at a summit in Bolivia to create a common regional currency. ""The document is approved,"" said Bolivian President Evo Morales, the summit host. President Hugo Chávez (Venezuela) announced ""The sucre [is] an autonomous and sovereign monetary system that will be agreed upon today so that it can be implemented in 2010."" As of 2015, the virtual currency is being used to compensate trade between Bolivia, Cuba, Nicaragua, and especially Ecuador and Venezuela. In addition, Suriname is a ""special guest member"" that intends to become a full member. Established in 2005 and based on earlier agreements between ALBA"
"donated embellishments to the image, including valuable jewels, and the temple was filled with gifts and treasures. In 1825, when Bolivia gained independence, it was attributed to the faith of the population through the Virgin of Copacabana. However, in 1826, Marshal Antonio José de Sucre, the President of the Republic of Bolivia, expropriated all the jewels and colonial treasures at the Shrine of the Virgin, using them to create the first coins from Bolivia. The body of the image measures about four feet, carved in maguey wood and is laminated in gold leaf. The clothes are that of an Inca"
"within the Amazon Basin. It is bordered to the north and east by Brazil, to the southeast by Paraguay, to the south by Argentina, to the southwest by Chile, and to the northwest by Peru. One-third of the country is within the Andean mountain range. With of area, Bolivia is the fifth largest country in South America and the 27th largest in the world. The country's population, estimated at 11 million, is multiethnic, including Amerindians, Mestizos, Europeans, Asians and Africans. The racial and social segregation that arose from Spanish colonialism has continued to the modern era. Spanish is the official"
"Inequality in Bolivia Though resource rich, Bolivia is one of the poorest countries in Latin America. In the 1980s the tin market collapsed, the currency dived, and inflation soared. Austerity measures restored some confidence, but at the cost of widening inequality. This was exacerbated when, at the behest of the US, coca growing, a prime source of income for the poor, was shut down. There are also tensions over natural gas deposits, perhaps Bolivia's last remaining resource. And while GDP and GNI have both grown significantly since 2000, severe disparities exist both regionally and ethnically. UNICEF reports that women and"
"in 1942 by issues of zinc 10 and 20 centavos and bronze 50 centavos. These were the last issues below 1 boliviano. In 1951, bronze 1, 5 and 10 bolivianos were issued. In 1873, the first boliviano banknotes were issued by the ""Banco Nacional de Bolivia"" in denominations of 1, 5, 10, 20, 50 and 100 bolivianos. 20 and 40 centavo notes were added in 1875. Notes were also issued by the Banco Agricola, the ""Banco de Bolivia y Londres"", the ""Banco del Comercio"", the ""Banco Francisco Argandoña"", the ""Banco Industrial de La Paz"" (later the ""Banco Industrial""), the ""Banco"
"of 1, 5, and 20 were no longer seen in circulation, which consisted of notes for 10, 50, 100, 500, and 1000 pesos bolivianos. Denominations of 5000 and 10,000 appeared sometime later. Hyperinflation left insufficient time to provide for regular banknotes, and 1984-1985 saw Banco Central release the simpler cheques de gerencia for 20,000, 50,000, 100,000, 500,000, 1 million, 5 million, and 10 million pesos bolivianos (printed by four different printers). Regular banknotes for 50,000, and 100,000 also appeared in circulation. By the spring of 1986 the currency in circulation effectively consisted of cheques de gerencia ranging from 100,000 to"