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Bolivian boliviano
Bolivia officially uses the boliviano as the local currency. The boliviano is divided into100 centavos.
Currency regime
The boliviano is closely managed against the dollar and is close to a crawling peg against the dollar as the local currency depreciates at a slow and usually consistent pace. The pace of depreciation has slowed sharply over the past two years with the currency closed to being fixed.
The US dollar is accepted in may places in Bolivia. Travellers cheques are preferred in US dollars and cash should also be taken in US dollars.
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