At the beginning of the day, the euro traded at 7.47 Boliviano, which means an increase of 1.2% compared to 7.38 Boliviano the previous day.
Over thepast 7 days, the euro has risen 1.08%. However, last year it still fell 9.22%. Comparing the data to the previous date, the market price has steadily increased over the past two days.Last week's volatility was slightly lower than last year's figure (7.42%), showing that the price is getting lower than recently expected.
In theannual figure, the euro reached a high of 7.76 Boliviano and was the lowest of 7.28 Boliviano. The euro is closer to the minimum value than the maximum value.
Bolivia Bolivia The uncertainty about Bolivia
has been a legal tender for Bolivia since 1987 and was 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 currencies.Currently, coins worth 10, 20 and 50 cents are being traded, with 1, 2, and 5 Bolivianos being traded. In 1988, Bolivia was equivalent to the US dollar.
TheBolivian currency was suspended from issuing and printing during the colonial period due to lack of political interest, which allowed coins and banknotes to be made abroad at an affordable price. In 2013, it was still manufactured in countries such as the United Kingdom, France, and Chile.
Regarding the economy, Bolivia resorted to an increase in public spending and an increase in 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 had a serious impact on Bolivia's economy, but inflation is not as high as in other Latin American countries where 2021 closed at 0.90%.
This year, according to World Bank forecasts, Bolivia will only grow by 3.7% by 2022, but President Luis Arche challenged these expectations and confirmed that GDP could increase by up to 6%.
In addition, for the first time in the past six years, it closed 2021 with a trade surplus of 147.1 million dollars, and an annual negative balance was recorded in the balance.In addition to these conditions, the unemployment rate increased by 5.2%.
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.
Institutions