Dollar: Today, March 17, the market price in Bolivia

At the

beginning of the day, the US dollar was trading at 6.80 Boliviano, which was up 6.69 compared to 1.62% the previous day.

In

connection with today's change compared to the past day, the two sessions end in a row with a constant trend. The volatility of the last day shows clearly higher behavior than the volatility reflected in last year's data, so we are going through an unstable phase.

In the

annual photo, the US dollar reached 6.82 Boliviano and the lowest level is 6.65 Boliviano. The US dollar is closer to its value than its lowest.

Uncertainty about Bolivian Boliviano 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.

Today, coins of 10, 20 and 50 cents are in circulation, as well as 1, 2, and 5 dollars of Boliviano. In 1988, Bolivia was equivalent to US dollars.

Regarding its creation, the Bolivian currency ceased to be issued and printed during the colonial period due to lack of political interest, which allowed coins and banknotes to be made abroad due to its low price. In 2013, it was still manufactured in countries such as the United Kingdom, France and Chile.

Regarding the economy, in 2014 Bolivia resorted to high public spending and an increase in domestic credit to maintain growth, but these decisions led to an increase in public debt and a decrease in international reserves.

Like other countries, the coronavirus pandemic has severely affected Bolivia's economy, but inflation is not as high as in other Latin American countries, closing 2021 at 0.90%.

This year, according to the World Bank's forecasts, Bolivia will only grow by 3.7% by 2022, but President Luis Arce challenged this forecast and assured that the gross domestic product (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 1,471 million dollars, with an annual negative balance recorded in the balance.In addition to these conditions, the unemployment rate has increased by 5.2%.

The country is also facing a global effort to switch to clean energy, so these conditions will force one of the largest gas exporters to seek alternatives.

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