History. Currencies in use before the current second boliviano include: The Spanish colonial real from the 16th to 19th centuries, with 8 reales equal to 1 peso and 16 reales equal to 1 escudo.; The Bolivian sol from 1827 to 1864, replacing the Spanish real at par. 16 soles were equal to 1 Bolivian scudo, and 8 soles were equal to 1 boliviano.
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