The Bolivian Monetary Unit, also known as the Bolivian Currency or Boliviano, has a number of synonyms and related terms. One term often used in place of Bolivian Monetary Unit is simply "Bolivian money" or "Bolivia's currency." Another term often used is the "Bolivian peso," which was the country's currency prior to the adoption of the Bolivian Monetary Unit in 1963. In certain contexts, the Bolivian Monetary Unit may also be referred to as the "Bolivian dollar" or simply the "Boliviano." Regardless of the terminology used, the Bolivian Monetary Unit remains an important component of Bolivia's economy and financial system.