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On December 15, 1959, Bolivia had introduced a comprehensive economic stabilization program that abolished most currency restrictions on the boliviano, which had suffered badly from inflation. The program adopted a fluctuating exchange rate that was finally stabilized in 1962 at 11,875 bolivianos to the US dollar .
Though Bolivia was one of the main mints of the colonial era (casa de la moneda, Potosí) the coining and printing of currency stopped due to lack of political interest and on the idea that foreign made coins and banknotes could be acquired at a lower price than the Bolivian-made coins and banknotes.
Economic growth was about 5.2% a year and inflation was 4.5% in 2012. Bolivia experienced a budget surplus of about 1.5% of GDP in 2012. Expenditures were nearly US$12.2 billion while revenues amounted to about US$12.6 billion. The government runs surplus accounts since 2005. The Bolivian currency is the boliviano (ISO 4217: BOB; symbol: Bs.)
Bolivia, [c] officially the Plurinational State of Bolivia, [d] is a landlocked country located in central South America.The country features diverse geography, including vast Amazonian plains, tropical lowlands, mountains, the Gran Chaco Province, warm valleys, high-altitude Andean plateaus, and snow-capped peaks, encompassing a wide range of climates and biomes across its regions and cities.
Geartrain within the National Mint of Bolivia. The revolutionary authorities of the United Provinces of the Río de la Plata taking over the Casa de Moneda by General Manuel Belgrano in 1813. Days before -in Buenos Aires- the Assembly of the Year XIII created a national currency for the United Provinces of the Río de la Plata, which had been ...
When taking a look at TLC's programming, it's sort of hard to remember that TLC at one time stood for The Learning Channel. What once was a channel dedicated to educational programming, is now ...
This coin was known to English colonists in North America as a piece of eight, then later on as a Spanish dollar, Spanish milled dollar, and finally as a Mexican dollar. In French, it was called a piastre and in Portuguese, a pataca or patacão. The Spanish names at various times and in various places were real de a ocho, patacón, duro, or fuerte.
The traditions and cultures of the Aymara, Quechua and other groups remain strong in Bolivia, where indigenous people are a majority in a country set in the heart of South America. More from AOL.com: