ElThe origin and history of the Bolivian currency
On November 28, 1986, with the introduction of the New Economic Policy, Paz Estenssoro signed a law that provided for the issuance of a new fully convertible national currency, the boliviano, on January 1, 1987, equivalent to one million pesos, With flexible exchange with the US dollar, after the transition period, it is the only legally accepted currency since January 1, 1988. From 1863 to 1963, the boliviano was the national currency until it was replaced by the Bolivian peso.
The Central Bank of Bolivia, established in 1928, is the economic body responsible for issuing currency.
Bolivian banknotes and coins in use
The coins currently in circulation are in denominations of 10, 20 and 50 cents, as well as 1, 2 and 5 bolivianos, with the words “Estado Plurinacional de Bolivia” engraved on the obverse, the coat of arms of Bolivia on the reverse and the coat of arms Plurinational State of Bolivia.
As for paper money, currently 10, 20, 50, 100 and 200 bolivianos circulate.