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Following many years of rampant inflation, the bolivian peso was replaced in 1987 by a new boliviano at a rate of one million to one (when 1 US dollar was worth 1.8/1.9 million pesos). At that time, 1 new boliviano was roughly equivalent to 1 ⁄ 2 U.S. dollar.
The program adopted a fluctuating exchange rate that was finally stabilized in 1962 at 11,875 bolivianos 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% ...
Fixed currency Anchor currency Rate (anchor / fixed) Abkhazian apsar: Russian ruble: 0.1 Alderney pound (only coins) [1]: Pound sterling: 1 Aruban florin: U.S. dollar: 1.79
Bermudan dollar: Bermuda Monetary Authority: USD at par Bolivia: Bolivian boliviano: Banco Central de Bolivia Brazil: Brazilian real: Banco Central do Brasil Canada: Canadian dollar: Bank of Canada: float Chile: Chilean peso: Banco Central de Chile Colombia: Colombian peso: Banco de la República Costa Rica: Costa Rican colón: Banco Central de ...
However, its position as a reserve currency damages American exporters because this increases the value of the United States dollar. [4] [5] The United States dollar is also "standard" in international commodity markets. [1] In the phenomenon known as 'dollarization', the U.S. dollar has been adopted as the official currency of several other ...
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).
Bolivia has extradited its former anti-drugs director to the United States, where he faces drug trafficking charges. Maximiliano Dávila, also known as "Macho", is accused of facilitating cocaine ...
On 2 February 2009, the dollar was redenominated for the third time at the ratio of 10 12 ZWR to 1 ZWL, only three weeks after the Z$100 trillion banknote was issued on 16 January, [115] [116] but hyperinflation waned by then as official inflation rates in USD were announced and foreign transactions were legalised, [114] and on 12 April the ...