Bolivia: dollar opening rate today March 15 USD to BOB

The US dollar is trading at the opening at 6.80 Bolivianos, which implied an increase of 0.15% compared to 6.79 Bolivianos the previous day.

Taking into account the last seven days, the US dollar marked a rise of 1.43%, which is why for a year it has still maintained a rise of 0.87%. If we compare value with past days, without being able to establish a stable trend in recent days. In reference to the volatility of the last week, it is subtly higher than the numbers achieved for the last year (9.37%), indicating that the value is undergoing greater changes than the general trend.

In the annual photo, the US dollar has reached a high of 6.82 Bolivianos, while its lowest level has been 6.65 Bolivianos. The US dollar is 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 equal to one US dollar.

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

Regarding the economy, in 2014 Bolivia resorted to high public spending and increasing domestic credit to maintain its growth, but these measures resulted in an increase in public debt and the reduction of international reserves.

Like all over the world, the coronavirus pandemic hit Bolivia's economy severely, 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.

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