The Bolivian boliviano (BOB) is the official currency of Bolivia, a landlocked country in South America.
The boliviano has been the country’s official currency since 1987, when it replaced the Bolivian peso.
The Bolivian boliviano is subdivided into 100 centavos and is symbolized by the “Bs.” sign.
The exchange rate of the boliviano is determined by the supply and demand in the foreign exchange market.
The Bolivian economy is largely driven by the extraction and export of natural resources, such as natural gas, minerals, and oil.
The value of the boliviano can be affected by fluctuations in the prices of these commodities, as well as political instability and social unrest in the country.
The Central Bank of Bolivia is responsible for managing the monetary policy and issuing currency in Bolivia.
Visitors to Bolivia can usually exchange their foreign currency for bolivianos at banks, exchange bureaus, and some hotels and airports.
It is worth noting that Bolivia is a cash-based society, and credit and debit cards are not widely accepted outside of major cities.