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LOCAL CURRENCY IN BOLIVIA

Would you like to know name of the currency in Bolivia? The money used in Bolivia is called Boliviano.

The Bolivian Boliviano is issued and managed by the Banco Central de Bolivia. To find out the current currency exchange rates for Boliviano to other major currencies of the world, click on foreign currency rates.

Bolivian Currency Information
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The currency used in Bolivia is called as the Boliviano. This currency is denoted with the currency sign and the ISO 4217 Code for the Bolivian Boliviano is BOB. The Boliviano, is the official currency of the Bolivia . It is divided into 100 smaller units called centavo.

The constitution of Bolivia provides that the Bolivia government shall have the power to print the Bolivian Boliviano and centavo coins to be used as a legal tender in Bolivia. The Bolivian Boliviano bank notes and Centavo coins are both designated as "legal tender" in payment of debts.

The Bolivian Boliviano bill uses the decimal system, consisting of 100 equal units.

The symbol , usually written before the numerical amount, is used for the Bolivian Boliviano.

Currently printed bank notes denominations are Bs. 10, 20, 50, 100, 200[1] and the coins are minted in the denominations of Cvs. 10, 20, 50; Bs. 1, 2, 5[1] .

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The Effect of Balance of Trade and Investment on the Value of Bolivian Boliviano
Financial analysts regularly cite the balance of trade and investment in Bolivia as the most important influence on the value of the Boliviano. The difference between what the Bolivia exports and imports in terms of goods and services to and from other countries can be obtained from a balance of trade statement.

The balance of investment on the other hand represents the difference in exports and imports of capital. If exports from Boliviano exceed imports from other countries, in either the balance of trade or balance of investments, it is called a surplus. The term deficit is used when the imports into Boliviano exceed exports to other countries. The points below go into detail to explain on how the balance of trade and balance of investments affect the Bolivian Boliviano.
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