Currency Rate Bolivian Boliviano to USD
Our Currency Rate BOB latest updates allow you to track real-time exchange rates effortlessly. By accessing and analyzing accurate and current data, you'll stay informed on the BOB. We provide comprehensive information to meet all your financial needs effectively.
Buying rate
BOB 0.127395
Selling rate
BOB0.169374
The Bolivian Boliviano, commonly abbreviated as BOB, is the official currency of Bolivia. Known locally as the "boliviano," the BOB is symbolized as "Bs" or "Bs." Introduced in 1987, the boliviano replaced the Bolivian peso at a rate of 1,000 pesos = 1 boliviano, as part of Bolivia's efforts to stabilize its economy.
Currency Details
Symbol: Bs
ISO Code: BOB
Subunits: 1 Boliviano = 100 centavos
Banknotes and Coins
The BOB is available in both coins and banknotes:
Coins:
10 centavos
20 centavos
50 centavos
1 boliviano
2 bolivianos
5 bolivianos
Banknotes:
10 bolivianos
20 bolivianos
50 bolivianos
100 bolivianos
200 bolivianos
History and Background
The Bolivian Boliviano was introduced on January 1, 1987, replacing the Bolivian peso. This change was part of broader economic reforms aimed at stabilizing Bolivia's hyperinflation and fostering economic growth. The name "boliviano" pays homage to Simon Bolivar, the liberator of Bolivia and other South American countries.
Economic Significance
The BOB is central to Bolivia's economy, facilitating trade, investment, and economic development. Bolivia's economy is diverse, with key sectors including mining, agriculture, manufacturing, and natural gas production. The value of the boliviano is influenced by various factors, including commodity prices, economic policies, and political stability.
Usage and Exchange
The BOB is widely accepted across Bolivia for all transactions, from everyday purchases to significant business deals. For visitors and expatriates, exchanging foreign currency for bolivianos is straightforward, with numerous exchange bureaus, banks, and ATMs available throughout the country. Major credit cards are also widely accepted, ensuring convenience for international travelers.
Conclusion
The Bolivian Boliviano is more than just a currency; it is a symbol of Bolivia's economic resilience and its rich cultural heritage. Understanding the BOB is essential for anyone engaging with Bolivia's dynamic economy, whether you are a resident or a visitor. The boliviano's stability and accessibility play a crucial role in the country's economic development and growth.
Currency Details
Symbol: Bs
ISO Code: BOB
Subunits: 1 Boliviano = 100 centavos
Banknotes and Coins
The BOB is available in both coins and banknotes:
Coins:
10 centavos
20 centavos
50 centavos
1 boliviano
2 bolivianos
5 bolivianos
Banknotes:
10 bolivianos
20 bolivianos
50 bolivianos
100 bolivianos
200 bolivianos
History and Background
The Bolivian Boliviano was introduced on January 1, 1987, replacing the Bolivian peso. This change was part of broader economic reforms aimed at stabilizing Bolivia's hyperinflation and fostering economic growth. The name "boliviano" pays homage to Simon Bolivar, the liberator of Bolivia and other South American countries.
Economic Significance
The BOB is central to Bolivia's economy, facilitating trade, investment, and economic development. Bolivia's economy is diverse, with key sectors including mining, agriculture, manufacturing, and natural gas production. The value of the boliviano is influenced by various factors, including commodity prices, economic policies, and political stability.
Usage and Exchange
The BOB is widely accepted across Bolivia for all transactions, from everyday purchases to significant business deals. For visitors and expatriates, exchanging foreign currency for bolivianos is straightforward, with numerous exchange bureaus, banks, and ATMs available throughout the country. Major credit cards are also widely accepted, ensuring convenience for international travelers.
Conclusion
The Bolivian Boliviano is more than just a currency; it is a symbol of Bolivia's economic resilience and its rich cultural heritage. Understanding the BOB is essential for anyone engaging with Bolivia's dynamic economy, whether you are a resident or a visitor. The boliviano's stability and accessibility play a crucial role in the country's economic development and growth.