Decree of the Constituent Assembly decree on the issuance of coins in the Spanish colonial standard; effective immediately
20.11.1826
Law on the production of coins; effective immediately - The coin issuance began on 01.01.1827
10.10.1829
Presidential decree on the production of underrated silver coins of 4 Soles (original weight but fineness reduced by 74% against the 1825 standard) in Potosí mint, creating the so-called "moneda feble"; effective immediately
17.08.1859
Presidential decree (re-iterating an earlier presidential decree of 06.10.1849) on the de facto adoption of the silver standard of the "moneda feble" by issuing new coins in original fineness of the 1825 law but the weight reduced 74%; effective immediately.
Valuation Regimes
1827-1859
Metallic currency based on circulating silver coins, additional gold coins without fixed rate against silver. Base weight was the Castilian mark / 8 ounces / 8 octaves / 72 grains at 230.047 grams.
1859-1863
Metallic currency based on circulating silver coins. Base weight was the Castilian mark / 8 ounces / 8 octaves / 72 grains at 230.047 grams.
Rate Arrangements
01.01.1827
Metallic
Peso: 24'433.03mg AG fine; Gold bullion "Escudo": 2'960.16mg AU fine
8½ Pesos (68 Soles) to the Castilian mark of 10⅚-deniers silver; 68 Escudos to the Castilian mark of 21-carats gold
17.08.1859
Metallic
Peso: 18'027.85mg AG fine
Peso at 400 Castilian grains of 10⅚-deniers silver
Time Period: 1864-1962
Currency: 1st Bolivian Boliviano
Transition
4 : 5
Sub-units
Boliviano / 100 Cents
ISO4217
none (informal: BOQ)
Timeline
29.06.1863
Law on the creation of the new currency in the silver standard; effective 01.01.1864 by presidential decree of 26.10.1863 - Rating of former silver coins at 8.18 Bolivianos per Castilian mark silver 10⅚ deniers fine: 1 Peso (1827) = 0.96¼ Boliviano, 1 Peso (1859) = 0.71 Boliviano.
1865-1866
Issuance of debased coinage under president J.M. Melgarejo: - ??.12.1865: Presidential decree on the production of silver coins at 400 Castilian grains silver 8 deniers fine per Peso (reduction by ~41%) to pay troops; effective 01.01.1866 - 03.07.1866: Presidential decree on the production stop of the debased coins; effective immediately - 12.11.1866: Presidential decree on the demonetization of the debased coins and exchange at 1 Peso (1866) = 0.60 Boliviano; effective 31.12.1866.
12.10.1869
Parliamentary decree on the on the adoption of the bimetallic standard (and introduction of metric weight units); effective 01.01.1870 - 24.11.1872: Law, amending the 1869 decree, on the creation of the denomination "Bolívar" of 10 Bolivianos (in gold); effective immediately.
01.09.1871
Presidential decree on the establishment of the "National Bank of Bolivia" as commercial bank with issuing privilege for paper money; effective upon constitution of the bank on 04.03.1872 (in Sucre)
30.09.1890
Law on the regulation of paper money issuance by commercial banks; effective by presidential decree of 01.12.1891.
08.04.1911
Presidential decree on the establishment of the "Bank of the Bolivian Nation" (based on the law of 07.01.1911) as state-owned central and commercial bank; effective upon constitution of the bank on 01.01.1914.
11.07.1928
Law [No. 632] the transformation of the "Bank of the Bolivian Nation" into the Central Bank of Bolivia; effective upon constitution of the bank on 20.07.1928 (the name change was effected on 01.07.1929) - 20.12.1945: Law on the organization of the bank, separated the central and commercial bank functions (the latter were split off as "Bank of the State" in 1970); effective immediately
Valuation Regimes
1864-1908
Metallic currency based on circulating silver coins, after 1880 dominated by paper money. The base weight was the Castilian mark / 8 ounces / 8 octaves / 72 grains at 230.047 grams (1864-1870) and the kilogram (1870-1908).
1908-1946
Fixed rate against British Pound. By laws of 31.12.1908 and 11.07.1928, the gold standard was adopted, which Great Britain suspended in 1931. After 1937 the commercial rate effectively superseded the official rate.
1946-1956
Fixed rate against US Dollar, parallel commercial rates for imports and exports
1956-1959
Variable rate, highly inflationary
1959-1962
Fixed rate against US Dollar
Rate Arrangements
01.01.1864
Metallic
Boliviano: 22'465.48mg AG fine; Gold bullion "Escudo": 2'246.55mg AU fine
Boliviano at 500 Castilian grains of 0.900 silver; Escudo (of nominally 1.75 Bolivianos) at 50 Castilian grains of 0.900 gold
01.01.1870
Metallic
Boliviano: 22'500.00mg AG fine & 1'470.59mg AU fine
3'100 Bolivianos (310 Bolívares) to the kilogram of 0.900 gold and 200 Bolivianos to the kilogram of 0.900 silver => AU : AG = 15.500
31.12.1908
Fixed
British Pound at 1 : 12.50 - [Gold parity] 585.79mg AU fine
-
11.07.1928
Fixed
British Pound at 1 : 13.33 - [Gold parity] 549.18mg AU fine
-6.3%
??.05.1932
Fixed
British Pound at 1 : 17
-21.6%
20.02.1933
Fixed
British Pound at 1 : 20
-15.0%
01.04.1936
Fixed
British Pound at 1 : 50
-60.0%
16.06.1936
Fixed
British Pound at 1 : 80
-37.5%
29.07.1937
Fixed
British Pound at 1 : 100
-20.0%
05.09.1939
Fixed
British Pound at 1 : 120
-16.7%
18.12.1946
Fixed
US Dollar at 1 : 42
-29.1%
08.04.1950
Fixed
US Dollar at 1 : 60
-30.0%
14.05.1953
Fixed
US Dollar at 1 : 190
-68.4%
15.12.1956
Variable
initially: US Dollar at 1 : 7'745
-97.5%
27.01.1959
Fixed
US Dollar at 1 : 11'885
-
Time Period: 1963-1986
Currency: 2nd Bolivian Peso
Transition
1 : 1'000
Sub-units
Peso / 100 Cents
ISO4217
BOP
Timeline
13.07.1962
Presidential decree [No. 6161] on the currency reform; effective 01.01.1963
01.01.1963
Start of currency exchange: - 01.01.1963: Start of issuance of the new banknotes and coins - 31.12.1964: Demonetization of the former currency.
Valuation Regimes
1963-1985
Fixed rate against US Dollar, in 1979 a parallel effective rate emerged which replaced the official rate in 1982
1985-1986
Variable rate, highly inflationary
Rate Arrangements
01.01.1963
Fixed
US Dollar at 1 : 11.89
±0.0%
27.10.1972
Fixed
US Dollar at 1 : 20
-40.6%
30.11.1979
Fixed
US Dollar at 1 : 25
-20.0%
05.02.1982
Fixed
US Dollar at 1 : 44
-43.2%
05.11.1982
Fixed
US Dollar at 1 : 200
-78.0%
17.11.1983
Fixed
US Dollar at 1 : 500
-60.0%
12.04.1984
Fixed
US Dollar at 1 : 2'000
-75.0%
22.11.1984
Fixed
US Dollar at 1 : 8'571
-76.7%
09.02.1985
Fixed
US Dollar at 1 : 45'000
-81.0%
16.05.1985
Fixed
US Dollar at 1 : 67'000
-32.8%
02.09.1985
Variable
initially: US Dollar at 1 : 1'100'000
-93.9%
Time Period: 1987-
Currency: 2nd Bolivian Boliviano
Transition
1 : 1'000'000
Sub-units
Boliviano / 100 Cents
ISO4217
BOB
Timeline
28.11.1986
Law [No. 901] on the currency reform; effective 01.01.1987
01.01.1987
Start of currency exchange: - 01.01.1987: Start of issuance of the new banknotes and coins - 31.12.1987: Demonetization of the former currency.