At the beginning of the day, the euro was trading at 7.47 Boliviano, which meant an increase of 1.2% compared to 7.38 Boliviano the previous day.
Considering the last 7 days, the euro has risen 1.08%. Nevertheless, last year it was still down 9.22%. If we compare the data to the previous date, the market price increases steadily over the past two days.The volatility of the last week is slightly lower than the figure achieved last year (7.42%), which shows that prices are changing less than expected recently.
In theannual photo, the euro reached a high of 7.76 Boliviano and the lowest level was 7.28 Bolivians. The euro is closer to the minimum value than the maximum value.
Uncertainty about Bolivian Boliviano Bolivia
hasbeen 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.
Coins of 10, 20 and 50 cents 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 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 grow 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%.
Bolivia is also facing a global effort to move to clean energy, so this situation will prompt one of the largest gas exporters to seek alternatives.
Agencies
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