XCD to BOB

XCD - East Caribbean Dollar ($)
BOB - Bolivian Boliviano (Bs)
1 XCD1 BOB

Currency conversion rates from XCD to BOB

XCDBOB
1 XCD1 BOB
5 XCD5 BOB
10 XCD10 BOB
20 XCD20 BOB
50 XCD50 BOB
100 XCD100 BOB
250 XCD250 BOB
500 XCD500 BOB
1000 XCD1000 BOB
2000 XCD2000 BOB
5000 XCD5000 BOB
10000 XCD10000 BOB
BOBXCD
1 BOB1 XCD
5 BOB5 XCD
10 BOB10 XCD
20 BOB20 XCD
50 BOB50 XCD
100 BOB100 XCD
250 BOB250 XCD
500 BOB500 XCD
1000 BOB1000 XCD
2000 BOB2000 XCD
5000 BOB5000 XCD
10000 BOB10000 XCD

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.

More information about BOB - Bolivian Boliviano (BOB)


XCD - East Caribbean Dollar ($)

East Caribbean Dollar

The East Caribbean dollar is the currency used in eight of the nine nations in the Organisation of Eastern Caribbean States — Antigua and Barbuda, Dominica, Grenada, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Anguilla (UK Territory), and Montserrat (UK Territory). The British Virgin Islands is the only member of the OECS that uses its own currency. The East Caribbean Dollar is designated by EC$ and has been pegged to the US Dollar at US$1 = EC$2.70 since 1976.

The East Caribbean Dollar is the currency in Antigua and Barbuda (AG, ATG), Dominica (DM, DMA), Grenada (GD, GRD), Saint Kitts and Nevis (KN, KNA), Saint Lucia (LC, LCA), and Saint Vincent and the Grenadines (VC, VCT). The symbol for XCD can be written EC$. The East Caribbean Dollar is divided into 100 cents. The exchange rate for the East Caribbean Dollar was last updated on May 24, 2019 from Yahoo Finance. The XCD conversion factor has 2 significant digits.

Economy

  • The economies of the OECS member states vary significantly, but most of them rely upon tourism and agriculture to varying extents. Offshore banking also represents a large proportion of the GDP for several of the OECS nations.
  • Many of the islands are home to multinational corporations, typically in financial services, who have large offices in a few of the OECS nations to take advantage of low or no taxation.
  • As the member states are small island nations, they are heavily reliant upon imports. Exportation is relatively limited, though some of the nations do export agricultural products such as bananas, and cocoa.

History

  • Prior to 1965, OECS members were part of the West Indies Federation, using BWI$ as their currency. However many members of the WIF either did not adopt the BWI$. Trinidad and Tobago withdrew from the union in 1964, leading to a lack of support for the BWI$.
  • In 1965, the British West Indies Dollar was replaced at par by the East Caribbean Dollar.
  • In 1966, British Guiana withdrew from the currency union, and in 1972, Barbados also withdrew from the currency union.
  • Between 1965 and 1983, the Eastern Caribbean Currency Authority issued the EC$, with notes and coins from 1965 from 1981.
  • The Eastern Caribbean Central Bank, based in Basseterre, Saint Kitts and Nevis was created by the Eastern Caribbean Central Bank Agreement signed in Port of Spain on July 5, 1983.

More information about XCD - East Caribbean Dollar ($)