Boliviano (currency)

The boliviano (symbol: Bs, ISO 4217 code: BOB) is the legal tender of the Plurinational State of Bolivia since 1987. It is divided into 100 cents and entered national circulation, replacing the old Bolivian peso. The Central Bank of Bolivia (founded in 1928) is the economic body responsible for issuing the currency.

History

The Boliviano was introduced in 1864 and was in force until 1963, when it was replaced by the Bolivian peso.

New tickets Plurinational State of Bolivia.

Later, after a process of hyperinflation of the Bolivian peso, on November 28, 1986, President Víctor Paz Estenssoro signed the law to put into circulation, on January 1, 1987, a new fully convertible national currency, the Bolivian, equivalent to one million pesos and with a flexible exchange rate in relation to the dollar and which, after a transition period, is the only legally accepted currency as of January 1, 1988.

At that time, 1 dollar was worth 1.8/1.9 million pesos and 1 boliviano was roughly equivalent to 1 US dollar.^{[citation needed]}

As of 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; it began with the 10 Bs bill, and then gradually introduced the 200 Bs bill, presented in April 2019. Latin America", was highlighted for its security measures, its aesthetics and its inclusion of prominent figures in Bolivian history, being among those who awarded the "High Security Printing Latin American Conference" (High Security Printing).

Coins

Currency of 2 cents of 1987

Currency of 5 cents of 1990

• In 1988, stainless steel coins of 2, 5 (in 1989 only), 10, 20 and 50 cents and 1 Bolivian (in 1987) were introduced, followed by 2 Bolivian stainless steel coins in 1991.
• The 10 cents of copper-plated steel and bleached smooth edge were introduced in 1997.
• The bimetallic coins of 5 Bolivians in 2001, until then the coins of 2 and 5 cents are no longer in circulation.
• The currency of 2 Bolivians has been coined in two sizes, both are in legal course. The smallest Bolivian currency is almost the same as the currency of 1 Bolivian, giving rise to the possible confusion, although the 2 Bolivian coins have a polyedral border of 11 sides, while the 1 Bolivian coins are of round and smooth edge.
• All currencies in Bolivia have on the reverse the number of the amount of money with the inscription "The union is the Force"; on the reverse the Bolivian shield with the inscription "Republic of Bolivia" (emitted until 2009), and those issued from 2010 only changes the inscription to "Plurinational State of Bolivia".

Current circulation currencies

Value	Features					Description
	Diameter	Weight	Membership	Form	Song	Reverse	Reversal
10 cents	19 mm	2.2 g	Stainless steel	Cylindrical	Liso	"Union is the force" "10 CENTAVOS"; Date of issue	PLURINACIONAL STATE OF BOLIVIA Bolivian arms shield
20 cents	22 mm	3.6 g	Stainless steel	Cylindrical	Liso	"Union is the force" "20 CENTAVOS"; Date of issue	PLURINACIONAL STATE OF BOLIVIA Bolivian arms shield
50 cents	24 mm	3.75 g	Stainless steel	Cylindrical	Liso	"Union is the force" "50 CENTAVOS"; Date of issue	PLURINACIONAL STATE OF BOLIVIA Bolivian arms shield
1 Bolivian	27 mm	5 g	Stainless steel	Cylindrical	Liso	"Union is the force" "1 BOLIVIANO";	PLURINACIONAL STATE OF BOLIVIA Bolivian arms shield
2 Bolivians	29 mm	6.4 g	Stainless steel	Polygon of 11 faces	Liso	"Union is the force" "2 BOLIVIANS"; Date of issue	PLURINACIONAL STATE OF BOLIVIA Bolivian arms shield
5 Bolivians	External: 23 mm Core: 16mm	5.1 g	Bimetallic: Nucleus: Copper Alloy, Aluminium, Zinc and Tin, with an external Stainless Steel Ring	Cylindrical	Striated	"Union is the force" "5 BOLIVIANS"; Date of issue	PLURINACIONAL STATE OF BOLIVIA Bolivian arms shield

Coins alluding to the Maritime Claim

Alusive coins to Maritime Reivindication.

Colorados de Bolivia

Genoveva Rios

Eduardo Abaroa

Port of Cobija

In March 2017, the Central Bank of Bolivia put commemorative coins into circulation, alluding to the maritime claim. The coins are Bs2 and have the figures of the Bolivian Colorados Battalion and Genoveva Ríos. They are legal tender with that value. Later, in November 2017, other coins with the same concept were put into circulation, this time with figures of Eduardo Abaroa and the Port of Cobija. A total of 16,800,000 coins were put into circulation.

Tickets

• In 1987, Bolivian bills were overprinted with denominations in pennies and Bolivians to produce provisional emissions of 1, 5, 10 and 50 cents, and 1, 5 and 10 Bolivians.
• Regular emissions followed the same year in denominations of 2, 5, 10, 20, 50, 100 and 200 Bolivians.
• The ticket of 2 Bolivians was replaced by a stainless steel coin of 6.25gr in 1991, the same end suffered that of 5 Bolivians that was replaced by the bimetallic currency of five Bolivians in 2001, although the Central Bank of Bolivia still showed the ticket of 5 Bolivians as "in circulation"
• Since 2013, tickets of 2 and 5 Bolivians were officially out of circulation.

First series

Second series "Plurinational State of Bolivia"

The Central Bank of Bolivia announced a new family of banknotes that began to circulate in April 2018. They currently coexist with the previous banknotes. The new banknotes present characters and images with national representatives on the obverse and places of interest on the reverse. Although an exact decree for the design of these bills is not known, it is considered that they contribute significantly to the Bolivian representation.

Fixed exchange rate

In a fixed exchange rate system, the Central Bank of Bolivia agrees to buy and sell foreign currency at a previously set price of Bs 6.86 for purchase and Bs 6.96 for sale for 1 $US respectively from November 2011 to the present, which are more than eleven continuous years. The consequences of this system are crucial, although in practice they are not understood in their real dimension of their effects in the short and long term on the country's economy.^{[citation required]}

Manufacturing

Although Bolivia was one of the main mints of the colonial era (Casa de la Moneda, Potosí) the minting and printing of coins stopped due to a lack of political interest and the idea that coins and bank notes made abroad could be acquired at a lower price than doing it in the country.

As of 2013, the boliviano is still manufactured abroad, in countries such as the United Kingdom, France, and Chile.^{[citation needed]}

Nomenclature

The writing of expressions that indicate a quantity of bolivianos is done by means of the symbol Bs followed by the numerical expression. Between the symbol Bs and the number there must be no space or any symbol. Example: Bs733 to express 733 bolivianos.

Do not confuse the symbol Bs with that of the Venezuelan bolivar (Bs.) even though they are very similar to each other.