Bitget App
common_footer.down_desc
common_header.buy_cryptocommon_header.marketscommon_header.tradecommon_header.futurescommon_header.social_tradingcommon_header.grid_tradingcommon_header.earn
base info Grove Coin

calculator.detail.title

calculator.detail.title_des
GRV
GRV
swap
BOB
coin.update_time (UTC+0)calculator.common.refreshrefresh
widget.page_site
calculator.detail.computed_des

calculator.fiat.title

About the Bolivian Boliviano (BOB)

What Is the Bolivian Boliviano (BOB)?

The Bolivian Boliviano (BOB), the national currency of Bolivia, plays a pivotal role in the country's economy. Represented by the ISO code BOB and symbolized as Bs., the Boliviano is subdivided into 100 centavos. The Bolivian Boliviano is the sole legal tender in Bolivia, and it is used for all transactions within the country.

The Bolivian Boliviano is issued by the Central Bank of Bolivia, known in Spanish as the "Banco Central de Bolivia." This institution is responsible for the production, management, and regulation of the Bolivian currency.

What Is the History of BOB?

Introduced in 1864, the original Boliviano replaced the Spanish colonial real at a rate of eight Bolivianos for one Bolivian peso. This first iteration, however, was short-lived due to economic instability, leading to its replacement by the peso in 1963. The current version of the Boliviano was introduced in 1987, during a period of rampant inflation, at a rate of 1 new Boliviano = 1,000,000 old pesos.

Notes and Coins of BOB

The Boliviano features a variety of denominations in both coins and banknotes. Coins come in denominations of 10, 20, 50 centavos, and 1, 2, and 5 Bolivianos. Banknotes are issued in denominations of 10, 20, 50, 100, and 200 Bolivianos. Each denomination has a distinct color and features prominent Bolivian figures and cultural symbols.

Economic Stability and Exchange Rate

Since 2012, the Bolivian central bank has maintained a steady foreign exchange value of the Boliviano at approximately 6.9 to the U.S. dollar. Bolivia experienced a low inflation rate of 0.7% in 2021, indicating relative economic stability compared to global trends.

Bolivia remains a predominantly cash-focused economy, especially in less urbanized areas. While cards and online payments are accepted in tourist regions, Boliviano coins and banknotes are widely used for daily transactions.

Is BOB Pegged to USD?

The Bolivian Boliviano (BOB) is not pegged to the United States Dollar (USD). Bolivia operates under a managed float exchange rate system. In this system, the value of the Boliviano is not fixed to the USD but is instead influenced by market forces. However, the Central Bank of Bolivia may intervene in the foreign exchange market to stabilize the currency and control excessive fluctuations. This approach allows for a more flexible exchange rate that can adjust to changes in the global and domestic economic environment.

Is BOB a Stable Currency?

The Bolivian Boliviano (BOB) has demonstrated notable stability in recent years, particularly since 2012 when the Central Bank of Bolivia managed to maintain a steady foreign exchange rate, hovering around 6.9 Bolivianos to the U.S. Dollar. This stability is further underscored by Bolivia's inflation rate, which reached a remarkably low level of 0.7% in 2021. Such a low inflation rate, especially in the context of global economic fluctuations, indicates a period of relative economic stability for the Boliviano. This stability is a significant achievement for Bolivia, considering the challenges faced by many emerging economies in maintaining currency stability amidst external and internal economic pressures.

coin.about_expand
calculator.fiat.text_2

calculator.detail.trend

1D7D1M3M1YAll
calculator.detail.trend_des

calculator.compare.title

calculator.compare.exchangecalculator.compare.pricecalculator.compare.maker_feecalculator.compare.tradable
Bitgethot-iconcalculator.compare.best
Bs.0.3872
0.0200% / 0.0320%vip-iconcalculator.compare.vip
Huobi
Bs.0.07110
0.1000% / 0.1000%
calculator.compare.yes
Gate.io
Bs.0.07179
0.1000% / 0.1000%
calculator.compare.yes
coin.update_time(UTC+0)

calculator.right.title

buy-coin-step-0-img
calculator.htb.step1_title
calculator.htb.step1_des
buy-coin-step-1-img
calculator.htb.step2_title
calculator.htb.step2_des
buy-coin-step-2-img
calculator.htb.step4_title
calculator.htb.step4_des

calculator.p2p.buy_title

calculator.p2p.buy_desc3
calculator.p2p.trade_and_ratecalculator.p2p.pricecalculator.p2p.amt_limit
calculator.p2p.low_to_high
calculator.p2p.pay_methods
calculator.p2p.fee_tips
calculator.p2p.action
calculator.p2p.no_data

calculator.p2p.sell_title

calculator.p2p.sell_desc4
calculator.p2p.trade_and_ratecalculator.p2p.pricecalculator.p2p.amt_limit
calculator.p2p.high_to_low
calculator.p2p.pay_methods
calculator.p2p.fee_tips
calculator.p2p.action
calculator.p2p.no_data

calculator.detail.affect_title

calculator.detail.affect_down
calculator.detail.affect_today
calculator.detail.affect_market
$979.40K
calculator.detail.affect_valume
$56.73K
calculator.detail.affect_supply
95.08M GRV

calculator.detail.conversion_table

calculator.detail.conversion_down
calculator.detail.conversion_des1
calculator.detail.conversion_des2

coin.current_to_local

coin.amount
calculator.detail.time_
0.5 GRV
Bs.0.03555
1 GRV
Bs.0.07110
5 GRV
Bs.0.3555
10 GRV
Bs.0.7110
50 GRV
Bs.3.56
100 GRV
Bs.7.11
500 GRV
Bs.35.55
1000 GRV
Bs.71.1

coin.current_to_local

coin.amountcalculator.detail.time_
0.5BOB7.03  GRV
1BOB14.06  GRV
5BOB70.32  GRV
10BOB140.65  GRV
50BOB703.23  GRV
100BOB1,406.47  GRV
500BOB7,032.34  GRV
1000BOB14,064.68  GRV

calculator.detail.price_24

coin.amountcalculator.detail.time_calculator.detail.price_24_agocalculator.detail.price_24_change
0.5 GRV$0.005150$0.005296
-2.76%
1 GRV$0.01030$0.01059
-2.76%
5 GRV$0.05150$0.05296
-2.76%
10 GRV$0.1030$0.1059
-2.76%
50 GRV$0.5150$0.5296
-2.76%
100 GRV$1.03$1.06
-2.76%
500 GRV$5.15$5.3
-2.76%
1000 GRV$10.3$10.59
-2.76%

calculator.detail.price_month

coin.amountcalculator.detail.time_calculator.detail.price_month_agocalculator.detail.price_month_change
0.5 GRV$0.005150$0.005603
-8.09%
1 GRV$0.01030$0.01121
-8.09%
5 GRV$0.05150$0.05603
-8.09%
10 GRV$0.1030$0.1121
-8.09%
50 GRV$0.5150$0.5603
-8.09%
100 GRV$1.03$1.12
-8.09%
500 GRV$5.15$5.6
-8.09%
1000 GRV$10.3$11.21
-8.09%

calculator.detail.price_year

coin.amountcalculator.detail.time_calculator.detail.price_year_agocalculator.detail.price_year_change
0.5 GRV$0.005150$0.08449
-93.90%
1 GRV$0.01030$0.1690
-93.90%
5 GRV$0.05150$0.8449
-93.90%
10 GRV$0.1030$1.69
-93.90%
50 GRV$0.5150$8.45
-93.90%
100 GRV$1.03$16.9
-93.90%
500 GRV$5.15$84.49
-93.90%
1000 GRV$10.3$168.98
-93.90%

coin.prediction

coin.prediction_question

price_predict.text_introduce

coin.prediction_question

price_predict.prediction_content

calculator.earn.title

calculator.earn.des
calculator.earn.coin

calculator.earn.apr

calculator.earn.action

calculator.p2p.latest_coins_title

calculator.p2p.latest_coins_desc

faq.title

calculator.faq.question1

calculator.faq.answer1

calculator.faq.question2

calculator.faq.answer2

calculator.faq.question3

calculator.faq.answer3

calculator.faq.question4

calculator.faq.answer4

calculator.faq.question5

calculator.faq.answer5

calculator.faq.question6

calculator.faq.answer6
calculator.detail.disclaimers