A practical currency and money guide to travel, living and doing business in Bolivia and the Bolivian boliviano (BOB).
What's in this Bolivia currency guide:
The official currency of Bolivia (country code: BO) is the Bolivian boliviano, with symbol and currency code BOB.
The currency code "BOB" refers to the Bolivian boliviano, which is the official currency of Bolivia. It is represented by the symbol "Bs" and is abbreviated as BOB. The physical currency consists of coins and banknotes. The coins come in denominations of 1 centavo, 5 centavos, 10 centavos, 20 centavos, and 50 centavos. The banknotes come in denominations of 2 bolivianos, 5 bolivianos, 10 bolivianos, 20 bolivianos, 50 bolivianos, and 100 bolivianos. The banknotes feature images of famous Bolivian historical figures, such as Simon Bolivar and Antonio José de Sucre. The design of the currency is constantly being updated, so the physical appearance of the coins and banknotes may vary slightly over time.
Bolivia is a country located in South America. It is known for its diverse landscape, which includes the Andes mountains, the Amazon rainforest, and the Atacama Desert. The official language is Spanish, and the country has a diverse culture with a mix of indigenous, Spanish, and African influences. Bolivia has a tropical and subtropical climate, with rainy seasons in the summer and dry seasons in the winter. The country is home to a variety of wildlife, including jaguars, pumas, and flamingos. The main industries in Bolivia include mining, agriculture, and manufacturing. Bolivia is known for its rich natural resources, including tin, silver, and natural gas. It is also known for its traditional handicrafts, including ceramics, textiles, and woodcarvings.
Here we list some key points for expats and businesses to consider when managing financial dealings in Bolivia:
Understand Bolivian boliviano currency exchange rates: Exchange rates can have a big impact on your finances, so it is important to keep an eye on the BOB exchange rate and consider using a currency exchange service or a credit card that does not charge foreign transaction fees to get the best exchange rate.
Use a local Bolivian boliviano bank account: A local BOB bank account can make it easier for you to manage your finances and pay bills while you are in Bolivia. It may also be more convenient to use a local BOB bank account to make purchases and withdraw cash.
Research local laws and regulations: It is important to understand the local laws and regulations that apply to financial transactions in Bolivia. This can help you avoid legal issues and ensure that you are complying with local requirements.
Consider the tax implications: It is important to understand the tax implications of living or doing business in Bolivia. This can help you plan your finances and ensure that you are paying the correct amount of tax.
Seek financial advice: If you are unsure of how to manage your finances in Bolivia, it is a good idea to seek the advice of a financial professional who is familiar with the local financial system. This can help you make informed decisions and avoid financial pitfalls.
The exchange rate of Bolivian boliviano (BOB), or the amount of BOB that can be exchanged for a foreign currency, can fluctuate rapidly based on a number of factors, including economic conditions, interest rates, and political events. Below you can check the latest USD/BOB rate plus recent trend, chart, forecasts and historic rates.
The boliviano is a freely traded currency and there are no restrictions on the amount of currency that can be brought into or out of the country. However, cash transactions over Bs 10,000 must be declared to the customs authorities.
The Bolivian economy heavily relies on its natural resources like oil and gas, mining, and agriculture. As such, fluctuations in the prices of these commodities can have a significant impact on the Bolivian economy, and therefore, the boliviano.
There is also a high inflation rate in the country which contributes to the volatility of the Boliviano.
15 Mar 2023
|0.1% ▼||2 Week|
29 Dec 2022
|0% ▼||3 Month|
29 Mar 2022
|0.5% ▲||1 Year|
30 Mar 2018
|0% ▼||5 Year|
31 Mar 2013
|1.1% ▼||10 Year|
03 Apr 2003
|11.3% ▼||20 Year|
The below comparison table makes it easy to find the best exchange rates and lowest fees when you want to make an International Money Transfer to Bolivia or planning a trip or maybe living there, so will need to exchange and spend Bolivian boliviano.
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It is important to note that the exchange rate of the Bolivian boliviano can change rapidly and that past performance is not necessarily indicative of future performance. It is advisable to carefully consider the risks and factors that may affect BOB exchange rates before making any financial decisions.