KES to BOB

BOB - Bolivian Boliviano (BOB)

Bolivian Boliviano

The official currency of Bolivia is the Bolivian Boliviano (BOB). The symbol used for the Boliviano is Bs. The Boliviano is subdivided in 100 centavos. The same name was used for the currency from 1864 to 1963. There were two Boliviano series additions before the new Boliviano was introduced.

The Bolivian Boliviano is the currency in Bolivia (BO, BOL). The symbol for BOB can be written Bs. The Bolivian Boliviano is divided into 100 centavos. The exchange rate for the Bolivian Boliviano was last updated on May 24, 2019 from Yahoo Finance. The BOB conversion factor has 3 significant digits.

Economy

• The economy of Bolivia fluctuates and has had periods of diversification.
• Bolivia’s agricultural sector needs to be modernized.
• Due to the slow population growth, industries in Bolivia have been growing at a slow pace.
• The mining industry in Bolivia accounts for a large part of the export products.
• Bolivia relies on the service industry, which accounts for 52% of the total GDP.
• Unemployment is estimated at 8.3%.
• The natural gas reserve of Bolivia is the second largest in South America.
• Export products are zinc, tin, cocaine, ore, soy products, natural gas, and soybeans.
• Import products are aircraft, automobiles, plastics, insecticides, petroleum products, and soybeans.
• There are no foreign investment restrictions in Bolivia.
• In the last few years Bolivia’s economy has been improving steadily.

History

• In 1864 the first Boliviano was launched. The currency before the Boliviano was the Scudo.
• Originally the currency was subdivided into centecimos; these were changed to centavos in 1870.
• Initially the boliviano was pegged to the French Franc at a rate of 5 French Francs = 1 Boliviano.
• The Boliviano became part of the gold standard in 1908.
• In 1940 Bolivia accepted multiple exchange rates with the US Dollar.
• In 1963 the Boliviano was replaced with the Peso Boliviano.
• In 1987 the new Boliviano replaced the Reso Boliviano.

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KES - Kenyan Shilling (Ksh)

Kenyan Shilling

The Kenyan Shilling is the official currency of Kenya, an East African nation that lies on the equator, with the Indian Ocean to its south-east. It is bordered by Tanzania to the south, Uganda to the west, South Sudan to the north-west, Ethiopia to the north, and Somalia to the north-east.

The Kenyan Shilling is the currency in Kenya (KE, KEN). The symbol for KES can be written K Sh. The Kenyan Shilling is divided into 100 cents. The exchange rate for the Kenyan Shilling was last updated on May 24, 2019 from Yahoo Finance. The KES conversion factor has 5 significant digits.

Economy

• Kenya has traditionally been a liberal market with minimal government involvement (such as price controls) in the oil industry. However, recent legislation allows the government to establish price controls for staples such as maize flour, kerosene, and cooking oil.
• Since May 2010, the economic outlook has been positive, with 4-5% GDP growth expected due to the expansion of tourism, telecommunications, transportation, and construction, as well as a recovery in the agriculture sector.
• The World Bank predicts 4% growth in 2010 and potential growth of 4.9% in 2011.
• In March, 1996 the presidents of Kenya, Tanzania, and Uganda re-established the East African Community (EAC). The objectives of the EAC include harmonizing tariffs and customs regulations, free movement of people, and improvement of regional infrastructures.
• In March 2004, the three East African countries signed a customs union.

History

• In 1966, the Kenyan Shilling replaced the East African Shilling at par. The first coins were issued that year in denominations of 5, 10, 25, and 50 cents and 1 and 2 shillings.
• Twenty-five cents coins were minted after 1969, and 2-shilling coins in 1971.
• In 1985, 5-shilling coins were introduced, followed by 10-shilling coins in 1994 and 20-shilling coins in 1998.
• Between 1967 and 1978, the portrait of Jomo Kenyatta, Kenya's first president, appeared on the front of the currency.
• From 1980 to 2005, a portrait of Daniel arap Moi replaced Kenyatta.
• In 2005 the central bank introduced a number of new coins that restored the portrait of Kenyatta. The stainless steel coins are valued at 50 cents and 1 shilling and the bimetallic coins at 5, 10, and 20 shillings.
• In 2003, a bi-metallic 40-shilling coin was issued with the portrait of President Kibaki to commemorate the fortieth anniversary of independence (1963-2003).
• New coins with the image of Kenyatta were minted in 2005.

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