Bolivian boliviano
From Wikipedia, the free encyclopedia
| Bolivian boliviano boliviano boliviano (Spanish) |
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| ISO 4217 Code | BOB | ||
|---|---|---|---|
| User(s) | Bolivia | ||
| Inflation | 4.3% | ||
| Source | The World Factbook, 2006 est. | ||
| Subunit | |||
| 1/100 | centavo | ||
| Symbol | Bs. | ||
| Coins | 10, 20, 50 centavos, 1, 2, 5 Bs. | ||
| Banknotes | 10, 20, 50, 100, 200 Bs. | ||
| Central bank | Banco Central de Bolivia | ||
| Website | www.bcb.gov.bo | ||
The boliviano (ISO 4217 code: BOB) is the currency of Bolivia. It is divided into 100 centavos. It is also the name of an earlier currency of Bolivia.
Contents |
[edit] First 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 centecimos but this was altered to centavos in 1870. The name bolivar was used for an amount of ten bolivianos. In 1963, the boliviano was replaced by the peso boliviano (ISO 4217: BOP) at a rate of one thousand to one.
[edit] Second boliviano
Following long years of rampant inflation, the peso boliviano was replaced in 1987 by a new boliviano at a rate of one million to one. At that time, one new boliviano was roughly equivalent to 1 US-dollar.
[edit] In circulation
The coins currently in circulation are worth 10, 20, and 50 centavos, and 1, 2, and 5 bolivianos. The 2 boliviano coin was minted in two sizes, both of which remain legal tender. The smaller 2 boliviano coin is almost the same as the 1 boliviano coin (although the 2 boliviano coins are not technically round, but are rather polyhedrons with 11 sides). Because of their similar size, the 1 and smaller 2 boliviano coins can be easily confused, if the number is not examined.
The banknotes currently in circulation are worth 5, 10, 20, 50, 100, and 200 bolivianos. New 5 boliviano notes were not printed in the last two printings of bolivianos (the F and G series), but the Bolivian central bank still lists the 5 boliviano note as "in circulation." It is rapidly being replaced by the 5 boliviano coin.
[edit] No longer in circulation
When the current boliviano was introduced, coins of 2 centavos and 5 centavos were used. They are no longer in circulation. Especially the 2 centavos coins now have some rarity value, retailing at about 1 boliviano a piece.
The 5 bolivianos banknote is rapidly being replaced by the current 5 bolivianos coin.
[edit] External links
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