Your Guide to the Bolivian Boliviano

 
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If you are sending money home to Bolivia or planning to travel there, you may need to turn your USD, CAD, euros, or pounds into Bolivian boliviano.

For the current boliviano-to-dollar exchange rate, check out today’s rate with Remitly.

The Bolivian boliviano (BOB) is the official currency of Bolivia. The symbol for the boliviano is “Bs.” The boliviano is subdivided into 100 centavos and is issued by the central bank of Bolivia, Banco Central de Bolivia.

  • Currency code: BOB
  • Symbol: Bs for bolivianos and c. for centavos
  • Banknotes are issued in the following denominations: Bs10, Bs20, Bs50, Bs20, and Bs200.
  • Coins are issued in the following denominations: c. 10, c. 20, c. 50, Bs1, Bs2, and Bs5.

As of this writing, the exchange rate for $1 USD is around Bs.6.5, and 1 euro is about Bs7.5.

Bolivian Boliviano

5 Interesting Facts about the Bolivian Boliviano

1. The first boliviano dates back to the 1860s.

The currency used in Bolivia today is actually the second iteration of the boliviano. Boliviano was the name of the currency in Bolivia between 1864 and 1963. It was replaced due to rising inflation with the “peso boliviano.”

The current version of the boliviano was introduced in 1987.

2. The boliviano is a stable currency.

Since 2012, the central bank has been able to hold the boliviano’s value steady at 6.9 bolivianos per U.S. dollar.

During this time, the inflation rate in the country also steadied, hitting a low of under 2% in 2019, the latest year for which data is available. (Since then, the COVID-19 pandemic and geopolitics have led to higher rates of inflation in much of the world.)

3. Each boliviano denomination has a distinct color.

With the most recent issue of boliviano banknotes in 2018, each note is a different color.

  • Bs10 is blue.
  • Bs20 is orange.
  • Bs50 is purple.
  • Bs100 is red.
  • Bs200 is brown.

4. Boliviano banknotes feature prominent Bolivian figures.

The 2018 issue of banknotes features prominent Bolivian figures and revolutionaries on the front and vignettes of the country’s landscape and cultural symbols on the back.

  • The Bs10 note features Bolivian patriots José Santos “El Tambor” Vargas, Apiaguaiki Tumpa, and Eustaquio “El Moto” Méndez on the front and the Isla del Pescado in the Salar de Uyuni salt flat on the back, along with a hummingbird and the Queen of the Andes flowering plant.
  • The Bs20 note features Bolivian war heroes and revolutionaries Genoveva Ríos, Tomás Katari, and Pedro Ignacio Muiba on the front and a black caiman on the back.
  • The Bs50 bill features Bolivian revolutionaries José Manuel “Cañoto” Baca, Bruno Racua, and Pablo Zárate on the front and the Nevado Sajama volcano, the Andean flamingo, and the grain quinoa on the back.
  • The Bs100 banknote features Bolivian revolutionaries Juana Azurduy de Padilla, Alejo Calatayud, and Antonio José de Sucre on the front and the Arco Iris Waterfalls, native flora, and the Hyacinth Macaw on the back.
  • The Bs200 bill features Túpac Katari, Bartolina Sisa, and Simón Bolivar on the front and the Tiwanaku historical site, native flora, and the endangered and traditionally sacred Andean Mountain Cat on the back.

5. Boliviano bills are printed abroad.

Many countries with emerging economies choose to print and mint their currencies abroad, and Bolivia is no exception.

Although Bolivia minted a lot of currency during the colonial era due to its mineral deposits, the printing and coining of currency were later suspended in the country, as money could be produced abroad for a lower cost.

About Bolivia

Bolivia is a landlocked country in South America bordering Brazil to its north and east, Peru and Chile to its west, and Argentina and Paraguay to its south. Bolivia shares Lake Titicaca, the second largest lake in South America, with Peru. The country has a rich history and was once the seat of the ancient Tiwanaku empire. From the 15th to early 16th century it was part of the Inca empire.

The constitutional capital is the historic city of Sucre, where the Supreme Court sits. The administrative capital is La Paz, where the executive and legislative branches operate.

Bolivia is home to over 11.8 million people. It has traditionally been seen as a highland country, although only one-third of its territory lies in the Andes Mountains. Many of the country’s largest cities are located in the high plains and mountains, where they have historically attracted mining, commercial, and other business investments. The eastern lowlands have developed rapidly in the past century.

Bolivia, like many countries in Central and South America, consists of three main ethnic groups: indigenous people, mestizos (of mixed indigenous and European descent), and people of European descent (primarily from Spain). Over two-thirds of the country identifies as mestizo, with about 20% identifying as indigenous and 5% as white. The largest indigenous groups are the Aymara, Quechua, and Guarani. Spanish and 36 indigenous languages are official languages in Bolivia. A majority of the, around 76%, is Roman Catholic, with small proportions of other Christian sects.

Bolivian Boliviano

Sending Money to Bolivia

You can send money to Bolivia with Remitly. New customers can get a special offer on their first transfer.

Remitly makes international money transfers faster, easier, more transparent, and more affordable. Since 2011, over 5 million people have used our secure mobile app to send money home with peace of mind. Visit the homepage, download our app, or check out our Help Center to get started.

Further Reading

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