The currency in Bolivia is known as the boliviano. Its ISO code is BOB. The official abbreviation is Bs. A boliviano is divided into 100 centavos, which are marked with the character c. be abbreviated. The Boliviano is only used to pay in Bolivia.
History of the Bolivian Currency
Between 1864 and 1952, the country’s currency was known as the Boliviano. In 1963 it was replaced by the peso boliviano. This was abolished in 1987 and the currency was renamed Boliviano. This step was due to the massive inflation from which the peso boliviano suffered. This had become almost worthless. The exchange rate was correspondingly high. A boliviano was exchanged for a million pesos.
After its reintroduction in 1987, the boliviano was traded at an exchange rate of 1 to 1 against the US dollar. But it soon lost value. In the 1990’s, the dollar almost established itself as a kind of second currency in the country. To remedy this fact, Bolivia introduced a special tax on July 1, 2004, which related to purely domestic dollar transfers over a value of 1,000 US dollars. This was initially 0.3 percent, but was reduced to 0.25 percent a year later. In fact, this approach stabilized the boliviano, so the tax was extended until 2009. The percentage was lowered again and set at 0.15.
The currency converter can be used to calculate the exchange rate from Euro to Boliviano. Here you can enter different amounts and you will immediately see how much this would be in Boliviano.
Exchange into Boliviano
It is better to change the Boliviano in Bolivia itself. The high exchange rate against the US dollar of 8: 1 means that you can get more boliviano for one euro in the country itself.