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Bolivian boliviano

From Wikipedia, the free encyclopedia
"Boliviano" redirects here. For the obsolete currency, see Boliviano (1864–1963).

Bolivian boliviano
boliviano (Spanish)
10 centavos to 5 bolivianos
ISO 4217
CodeBOB (numeric: 068)
Subunit0.01
Unit
SymbolBs‎ [1][2]
Denominations
Subunit
 1⁄100centavo
Symbol
 centavoc.[1]
BanknotesBs10, 20, 50, 100, 200[1]
Coinsc.10, 20, 50; Bs1, 2, 5[1]
Demographics
Date of introduction1 January 1987
ReplacedBolivian peso
User(s)Bolivia
Issuance
Central bankBanco Central de Bolivia
 Websitewww.bcb.gob.bo
Valuation
Inflation4.3%
 SourceThe World Factbook, 2009 est.

The boliviano ([boliˈβjano]; sign: Bs[1][2] 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. From April 2018, the manager of the Central Bank of Bolivia, Pablo Ramos, announced the introduction of the new family of banknotes of the Plurinational State of Bolivia, started with the 10 Bs note, and then gradually arrived to introduce the 200 Bs note, presented in April 2019.[3] The new family of banknotes of the Plurinational State received several awards such as "the best banknotes in Latin America", was highlighted by its security measures, its aesthetics and its inclusion of prominent figures in Bolivian history, being among those who awarded the "Latin American High Security Printing Press Conference".[4]

History

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Currencies in use before the current second boliviano include:

  • The Spanish real from the 16th to 19th centuries, with 8 reales equal to 1 peso and 16 reales equal to 1 escudo.
  • The Bolivian sol from 1827 to 1864, replacing the Spanish real at par. 16 soles were equal to 1 Bolivian escudo, and 8 soles were equal to 1 boliviano.
  • The first boliviano from 1864 to 1963, worth eight soles and divided into 100 centécimos (later centavos). The name bolivar was used for an amount of ten bolivianos.
  • The peso boliviano (code BOP), from 1963 to 1986, worth 1,000 first bolivianos.

The second boliviano was introduced in 1987 at a rate of 1 boliviano = 1,000,000 pesos bolivianos.

Second boliviano

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Following many years of rampant inflation, the bolivian peso was replaced in 1987 by 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 1⁄2 U.S. dollar.

Coins

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In 1988, stainless-steel 2, 5, 10, 20 and 50 centavos 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 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 have the value with the inscription "La union es la Fuerza" ("Union is strength" in Spanish) on the obverse. Older coins feature and the coat of arms of Bolivia with the inscription "Republica de Bolivia" (Republic of Bolivia) on the reverse, while newer ones feature the coat of arms with the inscription "Estado Plurinacional de Bolivia" (Plurinational state of Bolivia).

Coins of the Boliviano (older series)[5]
Obverse Reverse Value Technical parameters Description Date of issue
Diameter Mass Composition Edge Obverse Reverse
2 centavos 14 mm 1 g Stainless steel Plain "LA UNIÓN ES LA FUERZA"; "2 CENTAVOS"; Date of issue "REPUBLICA DE BOLIVIA" (REPUBLIC OF BOLIVIA); Coat of arms of Bolivia 1987
5 centavos 17 mm 1.5 g "LA UNIÓN ES LA FUERZA"; "5 CENTAVOS"; Date of issue 1987
10 centavos 19 mm 2.2 g "LA UNIÓN ES LA FUERZA"; "10 CENTAVOS"; Date of issue 1987-1997
2.23 g Copper plated steel 1997
1.85 g 2001-2008
20 centavos 22 mm 3.66 g Stainless steel "LA UNIÓN ES LA FUERZA"; "20 CENTAVOS"; Date of issue 1987-2008
50 centavos 24 mm 3.8 g "LA UNIÓN ES LA FUERZA"; "50 CENTAVOS"; Date of issue 1987-2008
1 boliviano 27 mm 5 g "LA UNIÓN ES LA FUERZA"; "1 BOLIVIANO"; Date of issue 1987-2008
2 bolivianos 27 mm 6.25 g "LA UNIÓN ES LA FUERZA"; "2 BOLIVIANOS"; Date of issue 1991
29 mm 6.4 g 1995-2008
5 bolivianos 23 mm 5 g Bi-metallic: bronze plated steel center with a stainless steel ring Reeded "LA UNIÓN ES LA FUERZA"; "5 BOLIVIANOS"; Date of issue 2001-2004
Coins of the Boliviano (current series)
Obverse Reverse Value Technical parameters Description Date of issue
Diameter Mass Composition Edge Obverse Reverse
10 centavos 19 mm 2.2 g Steel Plain "LA UNIÓN ES LA FUERZA"; "10 CENTAVOS"; Date of issue "ESTADO PLURINACIONAL DE BOLIVIA" (PLURINATIONAL STATE OF BOLIVIA); Coat of arms of Bolivia 2017
20 centavos 22 mm 3.25 g Nickel plated steel "LA UNIÓN ES LA FUERZA"; "20 CENTAVOS"; Date of issue 2010-2016
50 centavos 24 mm 3.75 g Stainless steel "LA UNIÓN ES LA FUERZA"; "50 CENTAVOS"; Date of issue 2010-2012
1 boliviano 27 mm 5 g "LA UNIÓN ES LA FUERZA"; "1 BOLIVIANO"; Date of issue 2010-2017
2 bolivianos 29 mm 7 g "LA UNIÓN ES LA FUERZA"; "2 BOLIVIANOS"; Date of issue 2010-2017
5 bolivianos 23 mm 5 g Bi-metallic coin consisting of a Bronze-plated steel center plug with a Stainless steel outer ring Reeded "LA UNIÓN ES LA FUERZA"; "5 BOLIVIANOS"; Date of issue 2017

Banknotes

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Banknote Bolivia
New family banknotes of Plurinational State of Bolivia

In 1987, last peso boliviano banknotes and cheques de gerência were overprinted with denominations in centavos and bolivianos to produce provisional issues of 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 in the reverse an image of The Golden Colonial House of Tarija. The 50 Boliviano bill has in the obverse to the painter Melchor Perez and in the reverse you can see the Tower of Church of the Society of Jesus in the city of Potosi- The 100 Boliviano bill has in the obverse of the great historian Gabriel Rene Moreno and the reverse one image of the Mayor Real and Papal University of Saint Francisco Xavier of Chuquisaca in the capital, the city of Sucre, the 200 Boliviano bill has to the obverse to the writer and former president 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.

In 2013, the 2 and 5 Bolivianos bills were officially out of circulation.[6]

In 2018, the Central Bank of Bolivia (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 Bolivia" (Plurinational State of Bolivia), to reflect the multiculturalism of the country and all of its citizens.

Banknotes of the Boliviano (1987-2016 series)
Image Value Main Color Obverse Reverse Watermark
[1] 2 bolivianos Gray Antonio Vaca Diez Pando refuge Simón Bolívar
[2] 5 bolivianos Green Adela Zamudio Virgen del Socavon church Simón Bolívar
[3] 10 bolivianos Blue Cecilio Guzman de Rojas "Heroinas de la Coronilla" monument in Cochabamba Simón Bolívar
[4] 20 bolivianos Orange Pantaleon Dalence Casa Dorada in Tarija Simón Bolívar
[5] 50 bolivianos Purple Melchor Pérez de Holguin Torre de la Compañia Simón Bolívar
[6] 100 bolivianos Red Gabriel René Moreno San Francisco Xavier de Chuquisaca University in Sucre Simón Bolívar
[7] 200 bolivianos Brown Franz Tamayo Tiahuanaco Simón Bolívar
Banknotes of the Boliviano (2018 – 2019 series)
Image Value Main Color Obverse Reverse Watermark
10 bolivianos Blue José Santos Vargas "El Tambor Vargas", Apiaguaiki Tumpa, Eustaquio Méndez "El Moto Méndez". Umajalanta Cavern (Torotoro National Park) Landscape of Isla del Pescado in Salar de Uyuni salt flat. Giant hummingbird and Puya raimondii José Santos Vargas, drum and electrotype 10
20 bolivianos Orange Genoveva Ríos, Tomás Katari and Pedro Ignacio Muiba. El Fuerte de Samaipata Black caiman and Toborochi (Ceiba speciosa) Genoveva Ríos and electrotype 20
50 bolivianos Purple José Manuel Baca "Cañoto", Bruno Racua, Pablo Zárate also known as Willka. Incallajta Fortress Nevado Sajama, Andean flamingo and Quinoa José Manuel Baca "Cañoto", guitar and electrotype 50
100 bolivianos Red Juana Azurduy de Padilla, Alejo Calatayud, Antonio José de Sucre. National Mint of Bolivia Arco Iris Waterfall, Heliconia rostrata, Hyacinth Macaw
200 bolivianos Brown Túpac Katari, Bartolina Sisa, Simón Bolivar. House of Freedom Tiwanaku, Cantua buxifolia, Andean Mountain Cat

Exchange rates

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In a fixed exchange rate regime system, the Central Bank of Bolivia undertakes to buy and sell foreign currency at the price it previously set of Bs 6.86 for the purchase and Bs 6.96 for the sale for 1 $US respectively. from November 2011 to the present, which is more than eleven continuous years. The consequences of this system are crucial, although in practice they are not understood in their real dimension of its effects in the short and long term on the country's economy. Since 2023 in Bolivia there has been a shortage of United States dollar,[7] so the "parallel" dollar began to settle in streets and some exchange houses, reaching an exchange rate of Bs 8.90 for sale for 1 $US.[8] although the Central Bank of Bolivia enabled the option of carry out the sale of dollars in their offices at the official price.[9]

Current BOB exchange rates
From Google Finance: AUD CAD CHF CNY EUR GBP HKD JPY USD RUB BRL ARS
From Yahoo! Finance: AUD CAD CHF CNY EUR GBP HKD JPY USD RUB BRL ARS
From XE.com: AUD CAD CHF CNY EUR GBP HKD JPY USD RUB BRL ARS
From OANDA: AUD CAD CHF CNY EUR GBP HKD JPY USD RUB BRL ARS

Manufacture and production

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As of 2013 boliviano coins and banknotes are still being produced abroad, in countries such as the United Kingdom, France, and Chile, even though Bolivia has been politically independent since 1825.[citation needed]

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.

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MVDOL (ISO 4217 code BOV) is a unit of currency (account). It has a value, inflation-adjusted between the Bolivian boliviano and the US dollar. It is used in financial instruments due to its stable value.

The name wikt:MVDOL is derived from moneda nacional con mantenimiento de valor al dólar estadounidense ([Bolivian] national currency with value maintained to the US dollar).

See also

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References

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  • Krause, Chester L.; Clifford Mishler (1991). Standard Catalog of World Coins: 1801–1991 (18th ed.). Krause Publications. ISBN 0873411501.
  • Pick, Albert (1994). Standard Catalog of World Paper Money: General Issues. Colin R. Bruce II and Neil Shafer (editors) (7th ed.). Krause Publications. ISBN 0-87341-207-9.
  • Pick, Albert (1990). Standard Catalog of World Paper Money: Specialized Issues. Colin R. Bruce II and Neil Shafer (editors) (6th ed.). Krause Publications. ISBN 0-87341-149-8.
  1. ^ a b c d e Banco Central de Bolivia. "Galeria de monedas y billetes Archived 2011-03-05 at the Wayback Machine." Accessed 26 February 2011.
  2. ^ a b Banco Central de Bolivia. Official website Accessed 26 February 2011.
  3. ^ "Introduction of Bolivia's new banknote family". La Razon Bolivia. Archived from the original on 7 December 2019. Retrieved 24 December 2019.
  4. ^ "Award to new family banknote of Bolivia". Archived from the original on 7 December 2019. Retrieved 24 December 2019.
  5. ^ "Standard circulation coins – Numista". en.numista.com. Retrieved 5 February 2023.
  6. ^ "Banco Central de Bolivia :: Galerķa de Billetes y Monedas". www.bcb.gov.bo. Archived from the original on 5 October 2006. Retrieved 12 January 2022.
  7. ^ "Crece preocupación por escasez de dólares en Bolivia que afecta al sector productivo, según gremios". SanDiegoUnionTribune. 15 February 2024. Retrieved 18 February 2024.
  8. ^ "Ante la escasez, el dólar 'paralelo' se asienta en las calles y las casas de cambio". EjuTv. 17 February 2024. Retrieved 18 February 2024.
  9. ^ "Banco Central habilita la venta de dólares para el público en general al tipo de cambio oficial". Erbol. 6 March 2023. Retrieved 18 February 2024.
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