Bolivian Boliviano (BOB)
Tue, Apr 15The boliviano is the official currency of Bolivia, a landlocked nation in South America.
Since 1987, the boliviano has served as the country's official currency, replacing the Bolivian peso.
The Bolivian boliviano is divided into 100 centavos and is represented by the symbol “Bs.”
The exchange rate of the boliviano is influenced by supply and demand in the foreign exchange market.
The economy of Bolivia is primarily driven by the extraction and export of natural resources, including natural gas, minerals, and oil.
Fluctuations in the prices of these commodities, along with political instability and social unrest, can impact the value of the boliviano.
The Central Bank of Bolivia oversees the management of monetary policy and the issuance of currency in the country.
Travelers to Bolivia can typically exchange their foreign currency for bolivianos at banks, exchange bureaus, and certain hotels and airports.
It is important to note that Bolivia operates as a cash-based society, and credit and debit cards are not commonly accepted outside major cities.
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