Bolivian boliviano (1864–1963)

Bolivian boliviano
boliviano (Spanish)
1-boliviano banknote (1928)
Demographics
Date of introduction	1864
Replaced	Bolivian sol
Date of withdrawal	1963
Replaced by	Bolivian peso
User(s)	Bolivia
Issuance
Central bank	Banco Central de Bolivia
Valuation
Pegged with	French franc (1864–1908) Pound sterling (1908–1940) United States dollar (1940–1963)
Value	7003100000000000000♠1000 bolivianos = 7000100000000000000♠1 peso
This infobox shows the latest status before this currency was rendered obsolete.

The first Bolivian boliviano was the currency of Bolivia from 1864 to 1963. Due to rising inflation, it was replaced with the Bolivian peso at an exchange rate of 7003100000000000000♠1000 bolivianos to 7000100000000000000♠1 peso. The peso was later replaced by the second Bolivian boliviano.

The first boliviano was introduced in 1864. It was equivalent to eight soles or half a scudo in the former currency. Initially, it was subdivided into 100 centécimos but this was altered to centavos in 1870. The name bolivar was used for an amount of ten bolivianos.

The boliviano was initially pegged at a rate of 1 boliviano = 5 French francs. On December 31, 1908, the currency was put on a new gold standard, with 12½ bolivianos = 1 British pound. A series of devaluations relative to the pound followed:

In 1940, multiple exchange rates to the U.S. dollar were established (40 and 55 bolivianos = 1 dollar). However, the boliviano continued to fall in value. In 1963, it was replaced by the peso boliviano (ISO 4217: BOP) at a rate of one thousand to one.

In 1864, copper 1 and 2 centecimos, and silver  ¹⁄₂₀,  ¹⁄₁₀,  ¹⁄₅ and 1 boliviano were introduced. In 1870, silver 5, 10 and 20 centavos were introduced, followed by silver 50 centavos in 1873 and copper 1 and 2 centavos in 1878. In 1883, cupro-nickel 5 and 10 centavos were introduced. Because these were similar in size to the silver 10 and 20 centavo coins, some were officially punched with a centre hole. Larger 5 and 10 centavo coins were issued from 1892. The 50 centavos was last struck in 1879, whilst the 1 and 2 centavos were last struck in 1883.