:quality(85)//cloudfront-us-east-1.images.arcpublishing.com/infobae/63WXNJJ37RBRBNZF7JLELX73TE.jpg "Euro: opening rate today March 16 in Bolivia 1")
He euro is listed at the start of trading at 7.23 bolivianos on averageso that it represented a variation of 0.29% compared to the data of the previous day, when it ended with 7.21 bolivianos on average.
Considering last week, the euro shows an increase of 1.76%Therefore, over the past year, it accumulates an increase of 2.19%.
If we compare the figure with previous days, add three dates followed by positive numbers. The volatility figure is significantly higher than the figures reached last year (14.75%), so the value is undergoing greater changes than the general trend.
He Boliviano is legal tender of Bolivia since 1987 and is divided into 100 cents, formerly the Bolivian peso was used but it has been replaced. The Central Bank of Bolivia is the body responsible for regulating the issuance of currency.
Today there are coins in circulation
Regarding manufacturing, Bolivian currency ceased to be minted and printed during the colonial era due to a lack of political interest, which would eventually cause the coins and banknotes were created overseas because of the low cost involved. In 2013, they were still being made in countries like the UK, France, and Chile.
In the economic field, in 2014 Bolivia has resorted to high public spending and growing domestic credit to sustain growth, but these measures have resulted in rising public debt and shrinking international reserves.
As in other countries, the corona virus pandemic This severely affected the Bolivian economy, although inflation was not as high as in other Latin American countries.
In 2022, Bolivia stood out for having a lower inflation rate than its neighboring countriesThis is due to a response to fuel price subsidies and the fixed dollar to local currency exchange rate; however, it faced a loss of international reserves and increased indebtedness.
Bolivia also faces global efforts to switch to clean energy, so these conditions will push one of the biggest gas-exporting countries to look for alternatives this year.
According to the latest forecasts of the Economic Commission for Latin America and the Caribbean (Cepal), after progress made in 2022 after the crisis caused by the coronavirus pandemic, by 2023, a decline or exhaustion of the rebound effect is expected in recovery.
For this year, only 1.3% growth is expected for the region, because result of restrictive monetary policiesgreater limitations on budget spending, lower levels of consumption and investment, weak ability to contain inflation and more.
According to ECLAC forecastsMexico would grow by 1.1% by 2023.
These will be the estimated growths for these nations of South America in 2023: Argentina (1%), Bolivia (3%), Brazil (1%); Chile (-0.9); Colombia (1.9%); Ecuador (2%); Paraguay (4%); Peru (2.2%); Uruguay (3%); Venezuela (5%).
For the domain of central America we have: Costa Rica (2.8%), Cuba (1.8%); El Salvador (1.9%); Guatemala (3.3%); Haiti (0%); Honduras (3.3%); Nicaragua (2.1%); Panama (4.2%); and the Dominican Republic (4.7%).
Finally, the region of Caribbean, the following growth is expected: Antigua and Barbuda (7.8%); Bahamas (4.1%); Barbados (3.5%); Belize (2.0); Dominican (3.5%); Pomegranate (3.6%); Jamaican (3%); Saint Vincent and the Grenadines (3.7%); Saint Lucia (5.9%); Suriname (2.4%); Trinidad and Tobago (2%).