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It has a value, inflation-adjusted between the Bolivian boliviano and the US dollar. It is used in financial instruments due to its stable value. The name wikt:MVDOL is derived from moneda nacional con mantenimiento de valor al dólar estadounidense ([Bolivian] national currency with value maintained to the US dollar).
The currency reform of January 1, 1963 adopted the peso boliviano, equal to 1,000 bolivianos, with an initial central exchange rate of 11·875 per US$1. But inflation soon returned and the peso boliviano was devalued 39.4% on October 27, 1972, with a new official rate of 20·00 per US$1 .
The Bolivian currency is the boliviano (ISO 4217: BOB; symbol: Bs.) One boliviano is divided into 100 centavos. The boliviano replaced the Bolivian peso at a rate of one million to one in 1987 after many years of rampant inflation. At that time, 1 new boliviano was roughly equivalent to 1 U.S. dollar.
Bolivian sol; N. National Mint of Bolivia This page was last edited on 27 January 2020, at 00:38 (UTC). Text is available under the Creative Commons ...
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.
The Unidad de Fomento de Vivienda (UFV) is an inflation-adjusted unit of account used in Bolivia. [1] [2] The UFV is used as a non-circulating currency, and the exchange rate between the UVF and the Bolivian boliviano is set by the Central Bank of Bolivia, calculated on the basis of the Consumer Price Index published by the National Institute of Statistics of Bolivia (INE).
The value of fiat currency is supported by the issuing government and its economic strength. Gas fee The cost required to perform a transaction or execute a smart contract on the Ethereum network.
The National Mint of Bolivia (Spanish: Casa de la Moneda de Bolivia) or the Mint of Potosí (in colonial era) is a mint located in the city of Potosí in Bolivia.It is from this mint that most of the silver shipped through the Spanish Main came.