The San Francisco Convent was founded in 1547 by Fray Gaspar de Valverde, making it the oldest monastery in Bolivia. Owing to its inadequate size, it was demolished in 1707 and reconstructed over the following 19 years. A gold-covered altar from this building is now housed in the Casa Nacional de la Moneda. The statue of Christ that graces the present altar features hair that is said to grow miraculously.