Dollar: closing price today, March 14 in Bolivia

In the last session, the US dollar traded at 6.79 Bolivianos at the close, representing a decrease of 0.15% compared to the price of the previous day, when it was 6.80 Bolivianos.

Taking into account last week, the US dollar posted an increase of 1.64%, so in the last year it still retains a rise of 0.72%. Comparing this data with that of previous days, the meaning of the previous result changed, where it marked an increase of 1.62%, recently showing a lack of continuity in the results. In reference to the volatility of the last week, it was somewhat higher than that accumulated in the last year, so it shows greater changes than the general trend in value.

In the annual photo, the US dollar has even changed by a high of 6.82 Bolivianos, while its lowest level has been 6.65 Bolivianos. The US dollar is positioned closer to its value than to the minimum.

The Bolivian

Boliviano has been the legal tender of Bolivia since 1987 and is divided into 100 cents, formerly the Bolivian peso was used but it was replaced. The Central Bank of Bolivia is the body responsible for regulating the issuance of currency.

Today, coins of 10, 20 and 50 cents are in circulation, as well as 1, 2 and 5 Bolivianos. In 1988 a Bolivian was equivalent to one US dollar.

As for manufacturing, Bolivian currency stopped minting and printing during colonial times due to a lack of political interest, which would eventually result in coins and banknotes being created abroad because of the low price that this implies. In 2013 they were still manufactured in countries such as the United Kingdom, France and Chile.

As for the economy, in 2014 Bolivia resorted to high public spending and growing domestic credit to maintain its growth, but these decisions resulted in increased public debt and reduced international reserves.

Like all over the world, the coronavirus pandemic severely affected Bolivia's economy, although inflation was not as high as in other Latin American nations, closing 2021 with 0.90 percent.

According to forecasts made this year by the World Bank, Bolivia will grow by only 3.7% by 2022, however, President Luis Arce has challenged these forecasts and assured that Gross Domestic Product (GDP) could grow by up to 6%.

addition, the country closed 2021 with a trade surplus of $1.471 million, the first in the last six years, where annual negative balances were recorded in the balance. In addition to these conditions, unemployment has increased by 5.2 per cent.

The country is also facing global efforts to move to clean energy, so these conditions will prompt one of the largest gas-exporting countries to seek alternatives.

We recommend: