At the start of the day, the euro was trading at 7.47 Bolivianos, up 1.2% from 7.38 Bolivianos the previous day.
Over the past 7 days, the euro has risen 1.08%. However, last year it was still down 9.22%. If we compare the data to the previous date, the market price has been rising steadily over the past two days.Last week's volatility is slightly lower than last year's figure (7.42%), which shows that prices are moving less than expected recently.
In theannual photo, the euro peaked at 7.76 Bolivianos and the lowest level was 7.28 Bolivians. The euro is closer to the minimum value than to the maximum value.
Uncertainty about Bolivian Boliviano Bolivia
has beenlegal tender for Bolivia since 1987 and has been divided into 100 cents. Previously, the Bolivian peso was used, but it was replaced. The Central Bank of Bolivia is the body that regulates the issuance of currency.
10, 20 and 50 cent coins are currently in circulation, and 1, 2 and 5 Bolivianos are in circulation. In 1988, Bolivia was equivalent to the US dollar.
Regarding its creation, the Bolivian currency ceased to be issued and printed during the colonial period due to the lack of political interest, which made it possible to manufacture coins and banknotes abroad due to its low price. In 2013, it was still manufactured in countries such as the United Kingdom, France and Chile.
With regard to the economy, Bolivia resorted to high public spending and increased domestic credit in 2014 to maintain growth, but these decisions resulted in an increase in public debt and a decrease in international reserves.
Like other countries, the coronavirus pandemic has severely affected the Bolivian economy, but inflation is not as high as in other Latin American countries, closing 2021 at 0.90 percent.
This year, according to World Bank forecasts, Bolivia will only grow by 3.7% by 2022, but President Luis Arce has contested this forecast and assured that gross domestic product (GDP) could grow by as much as 6%.
In addition, for the first time in the past six years, it closed 2021 with a trade surplus of $1,471 million, with an annual negative balance recorded in the balance.In addition to these conditions, the unemployment rate increased by 5.2 percent.
Bolivia is also facing a global effort to switch to clean energy, so this situation will prompt one of the largest gas exporters to seek alternatives.
Agencies