Boliviano

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Boliviano
Country: BoliviaBolivia Bolivia
Subdivision: 100 centavos
ISO 4217 code : BOB
Abbreviation: Bs
Exchange rate :
(29 Mar 2020)

1  EUR  = 7.56 BOB
100 BOB = 13.22751 EUR

1  CHF  = 7.02537 BOB
100 BOB = 14.23413 CHF

Coins of the current Bolivian currency and banknotes replaced by a new series from 2018

The boliviano (abbreviation: Bs ) is the currency of Bolivia .

A boliviano is divided into 100 centavos (abbreviation c. ).

Coins and banknotes

There are banknotes of 10, 20, 50, 100 and 200 bolivianos in circulation , as well as coins of 10, 20, 50 centavos, 1, 2 and 5 bolivianos.

The previously existing coins of 5 and 2 centavos are no longer minted and have disappeared from the currency; the 2 centavos coins in particular have become collectors' items. Originally there were also bills for 2 and 5 Bolivianos, which were later replaced by coins.

The coins are made of stainless steel, the newer 10 centavos coins are coated with copper, the 5 bolivianos coins are made of two metals, steel on the outside and bronze in the middle. There are two different-sized 2-Bolivianos coins in circulation (an older and a newer version). The 2 Bolivianos coin is not round but has eleven corners.

Of the republican banknotes, older and newer series are in circulation next to each other, each of which differs slightly in terms of security features and color design. The safety standard can be described as very high since Series I. From a value of 50 Bolivianos they have 8 different characteristics to make counterfeiting more difficult. Since the J series, the smaller notes have also been brought to this level, before they managed with 6 features. The banknotes with plurinational motifs, which have been gradually introduced since 2018, have additional features, including elements with iridescent special ink.

The Bolivian central bank had the coins and bills minted by various mints , including the Spanish Fábrica Nacional de Moneda y Timbre in Madrid, the Royal Canadian Mint in Canada and the Casa Real de Chile in Santiago.

After the constitutional amendment in 2009, the coins have been minted with the new state denomination "Estado Plurinacional de Bolivia" since 2010, the 50 Centavos coins have been minted since 2009. These coins are all made in Santiago de Chile and circulate parallel to the coins with the old state denomination " República de Bolivia ".

Regarding the choice of motifs, a relatively uniform design can be seen on the coins: The front side states the amount in the center and the motto " La Union es la Fuerza " ("Unity is strength") all around . The back is decorated with the national coat of arms in the center and the name of the state all around. Circulation commemorative coins were issued for the first time in 2017: the coins with the value of 2 Bolivianos show motifs related to the saltpeter war lost by Bolivia ( Eduardo Abaroa , Port of Cobija , Batallón Colorados , Genoveva Ríos ) and to the unsolved question from a Bolivian point of view remember a sovereign access to the Pacific.

The elaborately designed notes are more varied. The series introduced in 2018/2019 is the first of the plurinational state. The choice of motif is driven by the effort to emphasize the autochthonous and the three main geographical regions Altiplano , Andean valleys / Voranden and lowlands ( Gran Chaco / Amazon basin ) both in flora and fauna and with regard to the honored personalities.

Republican (top) and plurinational (bottom) 100-Bs notes in comparison
Motifs of the Bolivian banknotes, which will gradually be introduced from April 2018
value front back
200 Simón Bolívar , Bartolina Sisa (indigenous resistance fighter), Tupaq Katari (indigenous resistance fighter), Casa de la Libertad in Sucre Tiwanaku , Kantuta , mountain cat
100 Antonio José de Sucre , Alejo Calatayud (resistance fighter, Cochabamba), Juana Azurduy de Padilla (resistance fighter, Chuquisaca) and Casa de la Moneda in Potosí Cataratas arco Iris in the Noel Kempff Mercado National Park , patujú flower ( Heliconia rostrata ), blue -throated macaw (parrot)
50 Pablo Zárate Willka (indigenous leader from La Paz), José Manuel Baca "Cañoto" (resistance fighter, Santa Cruz), Bruno Racua (soldier from the Tacana people) and Incallaqta Nevado Sajama , Quinoa Real , Andean Flamingo
20th Genoveva Ríos (girl who saved the flag of Bolivia in the Litoral Department ), Tomás Katari (indigenous leader from Potosí), Pedro Ignacio Muiba (national hero of the Mojeño-Trinitario people ) and the Fuerte de Samaipata Laguna Bay (in the nature reserve at manuripi river ), black caiman , Toborochi tree (from the family of bombacoideae )
10 José Santos Vargas (resistance fighter, Oruro), Apiaguaiki Tüpa ( Chiriguano ), Eustaquio Méndez "Moto" (resistance fighter, Tarija) and the Umajalanta grotto in the Torotoro National Park Giant Hummingbird , Isla del Pescado , Giant Bromeliad

Bolivano and Centavo coins

Motifs of the current banknotes of Bolivia until 2018/2019 (still in circulation and valid)
value front back
200 Tiwanaku Franz Tamayo Solares (intellectual, 1879–1956)
100 Universidad de San Francisco Xavier de Chuquisaca , the oldest university in Bolivia in Sucre Gabriel René Moreno (historian, 1836–1908)
50 Torre de la Compañía in Potosí , the most important religious building in Bolivia from the 18th century Melchor Pérez de Holguin (painter, 1660–1732)
20th The city palace Casa Dorada in Tarija Pantaleón Dalence (lawyer, 1815-1892)
10 Panorama of Cochabamba with the Heroínas de la Coronilla Cecilio Guzmán de Rojas (indigenous painter, 1899–1950)

history

Banknote for 10,000 pesos bolivianos from 1984

“Boliviano” was the name of the Bolivian currency from 1864 to 1962, before it was replaced on January 1, 1963 by the peso boliviano , the Bolivian peso (abbreviation $ b ). The exchange rate was 1 peso boliviano = 1000 boliviano. The current boliviano was introduced on January 1, 1987 and replaced the peso boliviano , which had become almost worthless as a result of high inflation . The exchange rate was 1 Bs = 1 million pesos. In colloquial language, the boliviano is occasionally called the peso , especially for small amounts and individual coins.

Relationship to the dollar

After its introduction in 1987, the exchange rate of the boliviano against the US dollar was around 1: 1, but initially lost value. From the mid-1990s, the comparatively stable dollar established itself more and more in Bolivia and achieved the status of a de facto second currency, but was never an official means of payment .

To strengthen the boliviano as a means of payment, on July 1, 2004, a tax of 0.3% initially limited to two years (from July 1, 2005: 0.25%) on purely domestic dollar transfers with a value above US $ was introduced 1,000 introduced ( Impuesto a las Transacciones Financieras - Abbreviation: ITF ). In fact, the exchange rate of the boliviano against the dollar has stabilized significantly since the introduction of the tax (consistently initially around (8: 1), since 2009 around (7: 1)). The tax was therefore extended in 2006 for a further three years until July 2009, the tax rate was reduced to 0.15% (Law No. 3446 of July 21, 2006). As a result, the rate was made permanent. An increased rate of 0.20% has applied since January 2016.

Decreasing the dollar's role in credit and savings is a clear goal of the Morales administration. The so-called Desdolarización Financiera has achieved considerable success. While the dollar's share was around 90% in the 1990s, it has been less than 50% since 2010 and now (as of 2015) it is less than 20%. Other factors besides the transaction tax mentioned above include an increase in the exchange rate range, the bolivian appreciation trend, the higher interest rates for savings in local currency and the low inflation rate . For years the rate has been moving in a narrow range of 6.70 to 6.95 bolivianos per US dollar.

However, since the largest boliviano note only has an equivalent value of around 25 dollars, purchases of larger purchases such as vehicles or real estate are still preferably processed with dollar bills.

Unidad de Fomento de la Vivienda

Another important accounting unit in Bolivia is formed by the Unidad de Fomento de la Vivienda (UFV) introduced in 2001 . It was normalized to 1 on December 7, 2001 and since then has been recalculated daily by the central bank in accordance with the rate of price increase determined ( inflation ). The UFV plays an important role in financing housing and is used for numerous fees when dealing with authorities. One advantage is that fee tables can remain stable for a long time without adjustments by government or legislation.

As of March 18, 2019, the rate was set at 2.29773 Bs.

Web links

Individual evidence

  1. ↑ BCB: Monedas y Billetes
  2. ↑ Helmut Kahnt, Bernd Knorr: Old dimensions, coins and weights. A lexicon. Bibliographisches Institut, Leipzig 1986, licensed edition Mannheim / Vienna / Zurich 1987, ISBN 3-411-02148-9 , p. 375.
  3. ↑ Bolivia Emprende: new ITF sentence, January 2016 (Spanish)
  4. ↑ Bolivian Central Bank (BCB) via the Desdolarización