Dollar: closing price today, March 15 in Bolivia

The US dollar was paid at the close to 6.80 Bolivianos, which represented a rise of 1.62% compared to the price of the previous day, when it closed with 6.69 Bolivianos.

Over the past seven days, the US dollar has accumulated an increase of 1.43%, so in the last year it still maintains a rise of 0.87%. If we compare the figure with previous days, being unable to consolidate a stable trend lately. The volatility for the last week was visibly higher than that accumulated in the last year, showing itself as an asset with greater changes than usual.

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 maximum than its low.

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.

The coins of 10, 20 and 50 cents are currently 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 decisions resulted in increased public debt and reduced international reserves.

As in other countries, 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.

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