Convert your NGN to BOB.. Just input the amount of naira you wish to convert.
NGN to BOB Comparison Table
Note: Due to the significant economic disparities between Nigeria and Bolivia, and the relatively low trading volume between the two currencies, comprehensive economic data for a direct comparison might be limited. However, we can provide a general overview based on available information.
| Feature | NGN (Nigerian Naira) | BOB (Bolivian Boliviano) |
|---|---|---|
| Currency Code | NGN | BOB |
| Symbol | ₦ | Bs. |
| Issuing Authority | Central Bank of Nigeria | Banco Central de Bolivia |
| Economic Strength | Developing, resource-rich economy | Developing, resource-based economy |
| Exchange Rate Volatility | High | Relatively stable |
| Popular Use Cases | Domestic transactions, remittances | Domestic transactions, regional trade |
| Digital Payment Adoption | Growing adoption, mobile money prominent | Growing adoption, with variations |
| Inflation Rate | Historically high | Generally lower than Nigeria |
| Interest Rates | High | Generally higher than developed economies |
| Foreign Exchange Reserves | Moderate | Relatively low |
| Foreign Direct Investment (FDI) | Increasing, resource-focused | Increasing, natural gas and lithium focused |
Key Observations:
- Both Nigeria and Bolivia are developing economies with significant reliance on natural resources.
- The NGN is generally more volatile compared to the BOB.
- Both countries are experiencing growth in digital payment adoption.
- Inflation rates in Nigeria are historically higher than in Bolivia.
Related Currency Pairings
| African Currencies | Asian Currencies |
| NGN to ZAR NGN to SDG NGN to SZL NGN to TND | NGN to JPY NGN to JOD NGN to KGS NGN to KHR |
| European Currencies | North America Currencies |
| NGN to HUF NGN to MDL NGN to MKD NGN to PLN | NGN to MXN NGN to NIO NGN to PAB NGN to USD |
Seven Facts About the Bolivian Boliviano
- Multiple Versions: The Boliviano is the name of two different currencies used in Bolivia throughout history. The current Boliviano was introduced in 1987.
- Currency Subdivision: The Boliviano is divided into 100 centavos, although these smaller units are rarely used in everyday transactions.
- Central Bank Control: The Central Bank of Bolivia is responsible for issuing and regulating the Boliviano, implementing monetary policies to maintain stability.
- Natural Resource Dependence: Bolivia’s economy is heavily reliant on the extraction and export of natural resources like gas, minerals, and oil, which significantly influences the Boliviano’s value.
- Exchange Rate Determination: The Boliviano’s exchange rate is primarily determined by supply and demand in the foreign exchange market, influenced by factors such as export earnings and import needs.
- Economic Challenges: Bolivia has faced economic challenges, including inflation, which has impacted the Boliviano’s stability over time.
- Currency Symbol: The Boliviano is often symbolized by “Bs.” to distinguish it from other currencies using the dollar sign.
Top 3 Banks in Nigeria and Bolivia to Convert Naira to Boliviano
| Country | Bank Name | City |
|---|---|---|
| Nigeria | Access Bank Plc | Lagos |
| Nigeria | United Bank for Africa (UBA) | Lagos |
| Nigeria | Zenith Bank Plc | Lagos |
| Bolivia | *Banco Nacional de Bolivia (BNB) | La Paz |
| Bolivia | Banco de Crédito de Bolivia (BCP) | La Paz, Santa Cruz |
| Bolivia | Banco Mercantil Santa Cruz (BMSC) | La Paz |