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The boliviano (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.

Bolivian boliviano
boliviano boliviano  (Spanish)
Bolivianos moneda.png
10 centavos to 5 bolivianos
ISO 4217
CodeBOB
Number068
Exponent2
Denominations
Subunit
 ​1100centavo
SymbolBs[1][2]
centavoc.[1]
BanknotesBs10, 20, 50, 100, 200[1]
Coinsc.10, 20, 50; Bs1, 2, 5[1]
Demographics
Date of introductionJanuary 1, 1987
ReplacedBolivian peso
User(s) Bolivia
Issuance
Central bankBanco Central de Bolivia
 Websitewww.bcb.gob.bo
Valuation
Inflation4.3%
 SourceThe World Factbook, 2009 est.

First bolivianoEdit

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 centécimos but this was altered to centavos in 1870. The name bolivar was used for an amount of ten bolivianos.

Second bolivianoEdit

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 U.S. dollar.

CoinsEdit

 
Five-boliviano coin, 2004 (bimetallic)
 
Five-boliviano coin, 2004 (bimetallic)

In 1988, stainless-steel 2, 5, 10, 20 and 50 centavo 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 has the obverse the number of the amount of money with the inscription "La union es la Fuerza" ("Union is strength" in Spanish) and in the reverse the coat of arms of Bolivia with the inscription "Estado Plurinacional de Bolivia" (Plurinational state of Bolivia).

Coins of the Boliviano (current series)
Value Technical parameters Description Date of issue
Diameter Mass Composition Edge Obverse Reverse
10 Boliviano centavos 18.9 mm 1.85 grams Copper-plated 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 2010
20 Boliviano centavos 22 mm 3.25 grams Nickel-plated steel Plain "LA UNIÓN ES LA FUERZA"; "20 CENTAVOS"; Date of issue "ESTADO PLURINACIONAL DE BOLIVIA" (PLURINATIONAL STATE OF BOLIVIA); Coat of arms of Bolivia 2010
50 Boliviano centavos 24 mm 3.75 grams Stainless steel Plain "LA UNIÓN ES LA FUERZA"; "50 CENTAVOS"; Date of issue "ESTADO PLURINACIONAL DE BOLIVIA" (PLURINATIONAL STATE OF BOLIVIA); Coat of arms of Bolivia 2010
1 Boliviano 27 mm 5 grams Stainless steel Plain "LA UNIÓN ES LA FUERZA"; "1 BOLIVIANO"; Date of issue "ESTADO PLURINACIONAL DE BOLIVIA" (PLURINATIONAL STATE OF BOLIVIA); Coat of arms of Bolivia 2010
2 Bolivianos 29 mm 7 grams Stainless steel Plain "LA UNIÓN ES LA FUERZA"; "2 BOLIVIANOS"; Date of issue "ESTADO PLURINACIONAL DE BOLIVIA" (PLURINATIONAL STATE OF BOLIVIA); Coat of arms of Bolivia 2010
5 Bolivianos 23 mm 5 grams 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 "ESTADO PLURINACIONAL DE BOLIVIA" (PLURINATIONAL STATE OF BOLIVIA); Coat of arms of Bolivia 2010

BanknotesEdit

In 1987, peso boliviano banknotes 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 As of 2013. The 2 and 5 Bolivianos bills are officially out of circulation. [1].

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 Boliva" (Plurinational State of Bolivia), to reflect the multiculturalism of the country and all of its citizens.

Banknotes of the Boliviano (current series)
Image Value Main Color Obverse Reverse Watermark
[2] 2 bolivianos Black Antonio Vaca Diez Pando refuge Simón Bolívar
[3] 5 bolivianos Olive-green Adela Zamudio Virgen del Socavon church Simón Bolívar
[4] 10 bolivianos Blue Cecilio Guzman de Rojas "Heroinas de la Coronilla" monument in Cochabamba Simón Bolívar
[5] 20 bolivianos Orange Pantaleon Dalence Casa Dorada in Tarija Simón Bolívar
[6] 50 bolivianos Purple Melchor Pérez de Holguin Torre de la Compañia Simón Bolívar
[7] 100 bolivianos Red Gabriel René Moreno San Francisco Xavier de Chuquisaca University in Sucre Simón Bolívar
[8] 200 bolivianos Brown Franz Tamayo Tiahuanaco Simón Bolívar
Banknotes of the Boliviano (2018 - 2019 series)
Image Value Main Color Obverse Reverse Watermark
[9] 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
[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
[11] 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
[12], [13] 100 bolivianos Red Juana Azurduy de Padilla, Alejo Calatayud, Antonio José de Sucre. National Mint of Bolivia Arco Iris Waterfall, Heliconia rostrata, Hyacinth Macaw
[14], [15] 200 bolivianos Brown Tupak Katari, Bartolina Sisa, Simón Bolivar. House of Freedom Tiwanku, Cantua buxifolia, Andean Mountain Cat
Current BOB exchange rates
From Google Finance: AUD CAD CHF EUR GBP HKD JPY USD RUB BRL ARS
From Yahoo! Finance: AUD CAD CHF EUR GBP HKD JPY USD RUB BRL ARS
From XE: AUD CAD CHF EUR GBP HKD JPY USD RUB BRL ARS
From OANDA: AUD CAD CHF EUR GBP HKD JPY USD RUB BRL ARS
From fxtop.com: AUD CAD CHF EUR GBP HKD JPY USD RUB BRL ARS

Manufacture and productionEdit

As of 2013 the Boliviano is still manufactured abroad, in countries such as the United Kingdom, France, and Chile, even though Bolivia has been politically independent since 1825.

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.

See alsoEdit

ReferencesEdit

  • 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 Feb 2011.
  2. ^ a b Banco Central de Bolivia. Official website Accessed 26 Feb 2011.

External linksEdit