Euro: closing price today, March 15 in Bolivia

The euro was paid at the close to 7.39 Bolivianos, which meant a rise of 0.12% compared to the previous day's figure, when it traded at 7.38 Bolivianos.

Compared to the profitability of the last seven days, the euro registered an increase of 1.4%, although, on the contrary, in year-on-year terms it still accumulates a decrease of 9.89%. Compared to previous dates, it interrupted with the flat run of quotes of the last two days. As for the volatility of the last dates, it is lower than the numbers achieved for the last year (7.35%), which indicates that its price is showing less change than expected in recent days.

In the last year, the euro has reached a high of 7.76 Bolivianos, while its lowest level has been 7.28 Bolivianos. The euro is closer to its minimum than its maximum.

Among the uncertainty

The Bolivian 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 cause coins and banknotes to be created 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.

In the economic sphere, in 2014 Bolivia resorted to high public spending and increasing domestic credit to maintain its growth, but these decisions resulted in an increase in public debt and the reduction of 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.

Bolivia 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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