bolivia

South Korean Won(KRW)/Bolivian Boliviano(BOB)

1 South Korean Won = 0.0057 Bolivian Boliviano



  • South Korean Won

bolivia

Jordanian Dinar(JOD)/Bolivian Boliviano(BOB)

1 Jordanian Dinar = 9.719 Bolivian Boliviano




bolivia

Lebanese Pound(LBP)/Bolivian Boliviano(BOB)

1 Lebanese Pound = 0.0046 Bolivian Boliviano




bolivia

Bahraini Dinar(BHD)/Bolivian Boliviano(BOB)

1 Bahraini Dinar = 18.2339 Bolivian Boliviano




bolivia

Chilean Peso(CLP)/Bolivian Boliviano(BOB)

1 Chilean Peso = 0.0084 Bolivian Boliviano




bolivia

Maldivian Rufiyaa(MVR)/Bolivian Boliviano(BOB)

1 Maldivian Rufiyaa = 0.4448 Bolivian Boliviano




bolivia

Malaysian Ringgit(MYR)/Bolivian Boliviano(BOB)

1 Malaysian Ringgit = 1.5911 Bolivian Boliviano




bolivia

Nicaraguan Cordoba Oro(NIO)/Bolivian Boliviano(BOB)

1 Nicaraguan Cordoba Oro = 0.2004 Bolivian Boliviano



  • Nicaraguan Cordoba Oro

bolivia

Netherlands Antillean Guilder(ANG)/Bolivian Boliviano(BOB)

1 Netherlands Antillean Guilder = 3.8412 Bolivian Boliviano



  • Netherlands Antillean Guilder

bolivia

Estonian Kroon(EEK)/Bolivian Boliviano(BOB)

1 Estonian Kroon = 0.4835 Bolivian Boliviano




bolivia

Danish Krone(DKK)/Bolivian Boliviano(BOB)

1 Danish Krone = 1.0021 Bolivian Boliviano




bolivia

Fiji Dollar(FJD)/Bolivian Boliviano(BOB)

1 Fiji Dollar = 3.0606 Bolivian Boliviano




bolivia

New Zealand Dollar(NZD)/Bolivian Boliviano(BOB)

1 New Zealand Dollar = 4.2326 Bolivian Boliviano



  • New Zealand Dollar

bolivia

Croatian Kuna(HRK)/Bolivian Boliviano(BOB)

1 Croatian Kuna = 0.9938 Bolivian Boliviano




bolivia

Peruvian Nuevo Sol(PEN)/Bolivian Boliviano(BOB)

1 Peruvian Nuevo Sol = 2.0287 Bolivian Boliviano



  • Peruvian Nuevo Sol

bolivia

Dominican Peso(DOP)/Bolivian Boliviano(BOB)

1 Dominican Peso = 0.1253 Bolivian Boliviano




bolivia

Papua New Guinean Kina(PGK)/Bolivian Boliviano(BOB)

1 Papua New Guinean Kina = 2.0102 Bolivian Boliviano



  • Papua New Guinean Kina

bolivia

Brunei Dollar(BND)/Bolivian Boliviano(BOB)

1 Brunei Dollar = 4.8793 Bolivian Boliviano




bolivia

Bolivian minister hails tourism increase

Marcelo Eduardo Arze García, Bolivia’s vice minister of tourism, tells Sebastian Shehadi why tourists are turning their attention to one of South America's less explored destinations. 




bolivia

President inaugurates Bolivia’s 69-MW San Jose II Hydroelectric Plant

Bolivian President Evo Morales has inaugurated the 69-MW San Jose II Hydroelectric Power Plant in the municipality of Colomi, department of Cochabamba.




bolivia

Corani seeking financing to develop 147-MW Banda Azul hydro project in Bolivia

Jose Maria Romay, general manager of Corani (a subsidiary of Ende), has announced the company is seeking financing from Latin American development bank CAF and French development agency AFD for the 147-MW Banda Azul hydro project.




bolivia

Bolivia to carry out final design studies for 3,251-MW El Chepete, 425-MW El Bala hydro projects

Bolivia’s President Evo Morales has approved a supreme decree to carry out final design studies for the 3,251-MW El Chepete and 425-MW El Bala hydro projects in La Paz department.




bolivia

Two Indicted in Kentucky on Conspiracy and Harboring of Undocumented Bolivian National for Financial Gain

Javier Arce, 58, and Cristina Mier Arce, 55, were indicted by a federal grand jury for conspiracy and harboring of an undocumented Bolivian national for their financial gain.



  • OPA Press Releases

bolivia

Bolivian re-elections: Slaves of the people or the institutions


Recently, Bolivian President Evo Morales declared himself a “slave of the people” and said he is backing the proposed constitutional reform that would enable him to seek re-election in 2019 if that’s what the citizens want. Last Saturday, September 26, the Legislative Assembly partially amended the Constitution (by a two-thirds majority), authorizing Morales to run for the presidency once again in 2019. February 21, 2016 is set as the date of the popular referendum to validate or reject the amendment.

This amendment allows presidential re-election for two consecutive terms, rather than just one re-election, as dictated by the previous constitutional provision. The change takes into account the current presidential term (2015-2020) and clarifies that Evo and his vice president are authorized to run only one more time, that is, to seek re-election only for the 2020 to 2025 period. The opposition immediately denounced the amendment as “tailoring the law to the needs of one person”.

It should be noted that Morales and García ran and won in the 2005, 2009, and 2014 elections. The current term is the second consecutive term under the new Bolivian Constitution (adopted in 2009) and the third since they were first elected, in 2005. If he wins the elections scheduled for 2019, Evo would become one of the leaders to hold power the longest in Bolivia and throughout Latin America.

Re-election fever

This constitutional amendment, recently adopted in Bolivia, is not an isolated event. Rather, it fits within a regional trend toward re-election that has been gaining ground in Latin America over the past 20 years.

While the region ushered in democracy in the late 1970s and many clearly opposing re-election, this situation changed dramatically a few years later. The first wave of reforms favorable to immediate or consecutive re-election came in the first half of the 1990s with the impetus of Alberto Fujimori in Peru (1993), Carlos Menem in Argentina (1994), and Fernando Henrique Cardoso in Brazil (1997). From then on, several more presidents introduced reforms during their administrations to keep themselves in power. A second wave of reforms, led by Hugo Chávez, took place in the middle of the last decade, with a view to moving from immediate re-election to indefinite re-election. Chávez secured this objective via referendum in 2009.

Chávez’s example was reproduced by Daniel Ortega in 2014 in Nicaragua (the second country to allow indefinite re-election). Currently one more president, Rafael Correa (Ecuador), is promoting a reform along similar lines.

Recent reforms and trends

The years 2014 and 2015 have been full of news a about re-election. In the last 20 years the Dominican Republic has led in the number of re-election related reforms, with four from 1994 to 2015. The most recent, in July 2015, has re-established immediate re-election, enabling President Danilo Medina to run once again in May 2016 elections to aspire to a second consecutive term.

Two more countries have moved in what some might call extreme directions in 2014 and 2015. Nicaragua eliminated any impediment to re-election from the constitution in January of 2014, while Colombia moved in the opposite direction when they approved a reform prohibiting presidential re-election, in June 2015, a decade after re-election was first adopted.

On April 22, 2015, the Honduran Supreme Court declared the articles of the constitution that prohibited presidential re-election inapplicable. These articles also punished public officials and any other citizen who proposed or supported amending them, as these articles were considered not subject to reform. In 2009 the effort to call a National Constitutional Assembly after a non-binding consultation to amend the constitution and do away with this provision, led to the coup d’état that removed former President Zelaya from office.

In Brazil, the Chamber of Deputies cast an initial vote in 2015 in favor of eliminating re-elections, which is now being examined in the Senate. Most analysts consider it likely that the senate will adopt a similar position as the lower house, i.e. in favor of doing away with re-election.

Finally, one should note the cases of Ecuador and Bolivia, countries in which efforts are under way to amend the constitutions in relation to elections, in the terms analyzed above.

As a result of the reforms of the last few years, at this time 14 of the 18 countries in the region allow re-election, albeit with different specific rules. Venezuela (since 2009) and Nicaragua (since 2014) are the only countries so far that allow indefinite re-election. In five countries – Argentine, Bolivia, Brazil, Ecuador, and the Dominican Republic – consecutive re-election is allowed, but not indefinitely (only one re-election is permitted). Nonetheless, presidents who re-founded the institutional order through constitutional assemblies have been able to benefit from a third term, leaving out the first term on the argument that it pre-dated the constitutional reforms (Bolivia and Ecuador). To these five countries we should added the above-mentioned case of Honduras.

In six other countries one can return to the presidency after an interval of one or two presidential terms. These are Chile, Costa Rica, El Salvador, Panama, Peru, and Uruguay. As we have observed, only four countries have an absolute prohibition on any type of re-election, namely Mexico, Guatemala, Paraguay, and, since last July, Colombia.

My opinion

This re-election fever is bad news for a region like ours given the institutional weaknesses, the crisis of the political parties, the growing personalization of politics, and, in several countries, hyper-presidentialism.

Something is very wrong when a president of a democracy considers himself or herself as indispensable as to change the constitution in order to stay in power. As Pope Francis noted recently; “a good leader is one who is capable of bringing up other leaders. If a leader wants to lead alone, he is a tyrant. True leadership is fruitful.”

“The leaders of today will not be here tomorrow. If they do not plant the seed of leadership in others, they are worthless. They are dictators,” he concluded.

I agree with Pope Francis. The health of a democracy depends essentially on its ability to limit the power of those in government so they cannot reshape the law to fit their personal ambitions. In other words, democracy in Latin America does not need leaders who are slaves of the people, but who are slaves to the law and the institutions.

This piece was originally published by International IDEA.

Authors

Publication: International IDEA
Image Source: © David Mercado / Reuters
      
 
 




bolivia

Tax-News.com: COVID-19: Bolivia Announces Filing, Payment Deferrals

Bolivia has announced a number of filing and payment extensions for taxpayers, in response to the COVID-19 outbreak.




bolivia

Bolivia IP Addresses

IP Addresses in Bolivia increased to 220795 IP in the first quarter of 2017 from 215362 IP in the fourth quarter of 2016. IP Addresses in Bolivia averaged 149457.03 IP from 2007 until 2017, reaching an all time high of 220795 IP in the first quarter of 2017 and a record low of 59095 IP in the third quarter of 2007. This page includes a chart with historical data for BoliviaIP Addresses.




bolivia

Bolivia Temperature

Temperature in Bolivia increased to 18.50 celsius in August from 18.23 celsius in July of 2013. Temperature in Bolivia averaged 20.88 celsius from 1855 until 2013, reaching an all time high of 24.51 celsius in November of 2008 and a record low of 15.88 celsius in June of 1952. This page includes a chart with historical data for Bolivia Temperature.




bolivia

Bolivia Social Security Rate

The Social Security Rate in Bolivia stands at 38.92 percent. Social Security Rate in Bolivia averaged 32.85 percent from 2004 until 2018, reaching an all time high of 38.92 percent in 2011 and a record low of 25.92 percent in 2005. In Bolivia, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Bolivia because they help to pay for many social programs including welfare, health care and many other benefits. This page provides - Bolivia Social Security Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.




bolivia

Bolivia Social Security Rate For Employees

The Social Security Rate For Employees in Bolivia stands at 22.21 percent. Social Security Rate For Employees in Bolivia averaged 17.54 percent from 2004 until 2018, reaching an all time high of 22.21 percent in 2011 and a record low of 12.21 percent in 2005. In Bolivia, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Bolivia because they help to pay for many social programs including welfare, health care and many other benefits. This page provides - Bolivia Social Security Rate For Employees - actual values, historical data, forecast, chart, statistics, economic calendar and news.




bolivia

Bolivia Interbank Rate

Interbank Rate in Bolivia decreased to 1.65 percent in June from 2.12 percent in May of 2018. Interbank Rate in Bolivia averaged 3.04 percent from 2004 until 2018, reaching an all time high of 12.01 percent in December of 2008 and a record low of 0.41 percent in May of 2010. In Bolivia, the interbank rate is the rate of interest charged on short-term loans made between banks in the local currency. This page provides - Bolivia Interbank Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.




bolivia

Bolivia Current Account to GDP

Bolivia recorded a Current Account deficit of 4.90 percent of the country's Gross Domestic Product in 2018. Current Account to GDP in Bolivia averaged -1.73 percent from 1980 until 2018, reaching an all time high of 12.10 percent in 2008 and a record low of -9.30 percent in 1987. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Bolivia Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.




bolivia

Bolivia Military Expenditure

Military Expenditure in Bolivia increased to 598 USD Million in 2018 from 574 USD Million in 2017. Military Expenditure in Bolivia averaged 455.91 USD Million from 1953 until 2018, reaching an all time high of 750 USD Million in 1998 and a record low of 45.40 USD Million in 1956.




bolivia

Bolivia Government Budget

Bolivia recorded a Government Budget deficit equal to 7.40 percent of the country's Gross Domestic Product in 2017. Government Budget in Bolivia averaged -0.77 percent of GDP from 1990 until 2017, reaching an all time high of 6.27 percent of GDP in 2006 and a record low of -7.40 percent of GDP in 2017. Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page provides - Bolivia Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.




bolivia

Bolivia Minimum Monthly Wage

Minimum Wages in Bolivia increased to 2122 BOB/Month in 2019 from 2060 BOB/Month in 2018. Minimum Wages in Bolivia averaged 1009.37 BOB/Month from 2001 until 2019, reaching an all time high of 2122 BOB/Month in 2019 and a record low of 400 BOB/Month in 2001. In Bolivia, the minimum wage is the lowest monthly salary allowed by the Central Government. This page provides - Bolivia Minimum Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news.




bolivia

Bolivia GDP per capita

The Gross Domestic Product per capita in Bolivia was last recorded at 2559.51 US dollars in 2018. The GDP per Capita in Bolivia is equivalent to 20 percent of the world's average. GDP per capita in Bolivia averaged 1595.72 USD from 1960 until 2018, reaching an all time high of 2559.51 USD in 2018 and a record low of 1005.41 USD in 1960. The GDP per capita is obtained by dividing the country’s gross domestic product, adjusted by inflation, by the total population. This page provides - Bolivia GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.




bolivia

Bolivia GDP per capita PPP

The Gross Domestic Product per capita in Bolivia was last recorded at 6986.05 US dollars in 2018, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Bolivia, when adjusted by Purchasing Power Parity is equivalent to 39 percent of the world's average. GDP per capita PPP in Bolivia averaged 4926.58 USD from 1990 until 2018, reaching an all time high of 6986.05 USD in 2018 and a record low of 3702.60 USD in 1990. The GDP per capita PPP is obtained by dividing the country’s gross domestic product, adjusted by purchasing power parity, by the total population. This page provides - Bolivia GDP per capita PPP - actual values, historical data, forecast, chart, statistics, economic calendar and news.




bolivia

Deposit Interest Rate in Bolivia

Deposit Interest Rate in Bolivia increased to 3.03 percent in 2018 from 2.47 percent in 2017. Deposit Interest Rate in Bolivia averaged 17.56 percent from 1980 until 2018, reaching an all time high of 108.33 percent in 1984 and a record low of 1.05 percent in 2010. The Deposit Interest Rate is the average rate paid by commercial banks to individuals or corporations on deposits. This page includes a chart with historical data for Deposit Interest Rate in Bolivia.




bolivia

Ease of Doing Business in Bolivia

Bolivia is ranked 150 among 190 economies in the ease of doing business, according to the latest World Bank annual ratings. The rank of Bolivia improved to 150 in 2019 from 156 in 2018. Ease of Doing Business in Bolivia averaged 154 from 2008 until 2019, reaching an all time high of 162 in 2013 and a record low of 147 in 2010. The Ease of doing business index ranks countries against each other based on how the regulatory environment is conducive to business operationstronger protections of property rights. Economies with a high rank (1 to 20) have simpler and more friendly regulations for businesses. This page includes a chart with historical data for Ease of Doing Business in Bolivia.




bolivia

Bolivia Capacity Utilization

Capacity Utilization in Bolivia decreased to 71 percent in 2014 from 72 percent in 2013. Capacity Utilization in Bolivia averaged 62.61 percent from 1997 until 2014, reaching an all time high of 72 percent in 2013 and a record low of 54.29 percent in 2001. This page provides - Bolivia Capacity Utilization - actual values, historical data, forecast, chart, statistics, economic calendar and news.




bolivia

Bolivia Balance of Trade

Bolivia recorded a trade surplus of 75.76 USD Million in July of 2019. Balance of Trade in Bolivia averaged 12.79 USD Million from 1994 until 2019, reaching an all time high of 515.02 USD Million in September of 2012 and a record low of -356.08 USD Million in December of 2015. Bolivia has been recording consistent trade surpluses since 2004, mostly due to a rise in the shipments of commodities. Natural gas ,silver, zinc and soybeans account for 72 percent of total shipments. Main imports are: machinery and transport equipment , chemicals and related products and mineral fuels and lubricants. Main trading partners are: Brazil (33 percent of total exports and 18 percent of imports), Argentina (12 percent of exports and 13 percent of imports) and United States (10 percent of exports and 11 percent of imports). Others include: China, Peru and South Korea. This page provides the latest reported value for - Bolivia Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.




bolivia

Bolivia Export Prices

Export Prices in Bolivia increased to 79.67 points in the third quarter of 2019 from 79.62 points in the second quarter of 2019. Export Prices in Bolivia averaged 52.53 points from 1980 until 2019, reaching an all time high of 102.28 points in the fourth quarter of 2012 and a record low of 27.17 points in the first quarter of 2002. In Bolivia, Export Prices correspond to the rate of change in the prices of goods and services sold by residents of that country to foreign buyers. Export Prices are heavily affected by exchange rates. This page provides the latest reported value for - Bolivia Export Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.




bolivia

Bolivia Import Prices

Import Prices in Bolivia decreased to 130.10 points in the third quarter of 2019 from 131.50 points in the second quarter of 2019. Import Prices in Bolivia averaged 63.63 points from 1980 until 2019, reaching an all time high of 131.64 points in the second quarter of 2018 and a record low of 26.66 points in the second quarter of 1980. In Bolivia, Import Prices correspond to the rate of change in the prices of goods and services purchased by residents of that country from, and supplied by, foreign sellers. Import Prices are heavily affected by exchange rates. This page provides the latest reported value for - Bolivia Import Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.




bolivia

Bolivia Public Sector External Debt

External Debt in Bolivia increased to 10846.20 USD Million in the third quarter of 2019 from 10548.90 USD Million in the second quarter of 2019. External Debt in Bolivia averaged 5091.82 USD Million from 2002 until 2019, reaching an all time high of 10846.20 USD Million in the third quarter of 2019 and a record low of 2055.90 USD Million in the second quarter of 2007. This page provides - Bolivia External Debt- actual values, historical data, forecast, chart, statistics, economic calendar and news.




bolivia

Bolivia Corruption Index

Bolivia scored 31 points out of 100 on the 2019 Corruption Perceptions Index reported by Transparency International. Corruption Index in Bolivia averaged 28.27 Points from 1996 until 2019, reaching an all time high of 35 Points in 2014 and a record low of 20 Points in 2001. The Corruption Perceptions Index ranks countries and territories based on how corrupt their public sector is perceived to be. A country or territory’s score indicates the perceived level of public sector corruption on a scale of 0 (highly corrupt) to 100 (very clean). This page provides the latest reported value for - Bolivia Corruption Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.




bolivia

Bolivia Corruption Rank

Bolivia is the 123 least corrupt nation out of 175 countries, according to the 2019 Corruption Perceptions Index reported by Transparency International. Corruption Rank in Bolivia averaged 99.08 from 1996 until 2019, reaching an all time high of 132 in 2018 and a record low of 36 in 1996. The Corruption Perceptions Index ranks countries and territories based on how corrupt their public sector is perceived to be. A country or territory's rank indicates its position relative to the other countries and territories in the index. This page provides the latest reported value for - Bolivia Corruption Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.




bolivia

Bolivia Sales Tax Rate - VAT

The Sales Tax Rate in Bolivia stands at 13 percent. In Bolivia, the sales tax rate is a tax charged to consumers based on the purchase price of certain goods and services. The benchmark we use for the sales tax rate refers to the highest rate. Revenues from the Sales Tax Rate are an important source of income for the government of Bolivia. This page provides - Bolivia Sales Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.




bolivia

Bolivia Foreign Direct Investment

Foreign Direct Investment in Bolivia increased by 151 USD Million in the third quarter of 2019. Foreign Direct Investment in Bolivia averaged 103.24 USD Million from 1998 until 2019, reaching an all time high of 1023.40 USD Million in the fourth quarter of 1998 and a record low of -505.47 USD Million in the second quarter of 2014. This page provides - Bolivia Foreign Direct Investment- actual values, historical data, forecast, chart, statistics, economic calendar and news.




bolivia

Bolivia GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Bolivia expanded 2.34 percent in the third quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Bolivia averaged 4.13 percent from 1991 until 2019, reaching an all time high of 8.07 percent in the third quarter of 1994 and a record low of -0.89 percent in the second quarter of 1999. The biggest sector of Bolivia´s economy is services. Financing, insurance, real estate and business services; transport, communication and warehousing; trade, restaurants and hotels and community, social, personal, household and government services account for 50 percent of the GDP. Manufacturing creates 18 percent of the wealth and agriculture, forestry, fishing and hunting 13 percent. Mining and quarrying constitute 13 percent of the output and construction and water, electricity and gas distribution account for the remaining 6 percent of GDP. This page provides - Bolivia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.




bolivia

Bolivia Loans to Private Sector

Loans to Private Sector in Bolivia increased to 161037.60 Million BOB in September from 160153.40 Million BOB in August of 2019. Loans to Private Sector in Bolivia averaged 63786.56 Million BOB from 1999 until 2019, reaching an all time high of 161037.60 Million BOB in September of 2019 and a record low of 22504.37 Million BOB in September of 2004. This page provides the latest reported value for - Bolivia Loans to Private Sector - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.




bolivia

Bolivia Bank Lending Rate

Bank Lending Rate in Bolivia decreased to 6.11 percent in December from 6.17 percent in November of 2019. Bank Lending Rate in Bolivia averaged 9.01 percent from 2001 until 2019, reaching an all time high of 23.85 percent in May of 2002 and a record low of 4.62 percent in February of 2011. In Bolivia, the bank lending rate is the average rate of interest charged on short term loans by commercial banks to companies in the local currency. This page provides the latest reported value for - Bolivia Bank Lending Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.