Circulation of dollars is not normal | No es normal la circulación de dólares

From El Mundo and El Diario:

REPRESENTATIVE. The general secretary of the Bolivian Retail Merchants Trade Union Confederation, Mercedes Quisbert.

Retail merchants say that the circulation of dollars in the country is not normal

OBSERVATION. Quispe regretted that the Government reflects another reality to Bolivians when the truth is that in financial institutions you cannot buy foreign currency; she added that most of the members of the retail merchant family are used to paying suppliers in dollars.

The general secretary of the Bolivian Retail Merchants Trade Union Confederation, Mercedes Quisbert, yesterday denied the national government about the supposed normalization of the sale of the US dollar in the country and assured that in the parallel market it is still at Bs 7.8 and you cannot buy the currency in private banking.

“We can not cover the sun with a finger. We know that it is completely false that (the sale of) the dollar has normalized. The dollar has never normalized, the parallel dollar is still at 7.8 (Bolivianos) and is not at 6.96”, declared the union leader.

The leader regretted that the Government reflects another reality to Bolivians when the truth is that in financial institutions you cannot buy foreign currency; she added that most of the members of the union family are used to paying suppliers in dollars.

However, she highlighted that, despite acquiring the products with high costs due to the increase in the price of the dollar in the parallel market, the products in the family basket did not increase and they remain at their same prices.

On July 26, the Minister of Economy and Public Finance, Marcelo Montenegro, reported that the entities belonging to the Association of Private Banks of Bolivia (Asoban) indicated to the Financial System Supervision Authority (ASFI) that the sale of the US dollar it is normalizing.

The lack of the North American currency worsened from February and March of this year, a reality that has not improved to date despite the fact that the Central Bank of Bolivia (BCB) offers the sale of dollars after processing through a virtual platform.

The Bolivian retail merchant unions will hold an extended meeting that day, starting in the morning in the city of La Paz, where it is expected that they will take pressure measures against the national government.

Among their demands is to completely annul the bill against the legitimization of illegal earnings and they reject electronic invoicing because many of their trade union members are not up to date in managing the platforms via the Internet.

https://elmundo.com.bo/gremiales-dicen-que-no-es-normal-la-circulacion-de-dolares-en-el-pais/

Shortage of dollars remains and banks only deliver Bolivians

Despite the government’s propaganda announcing the normalization of the delivery of dollars in financial institutions, as well as in the Central Bank of Bolivia (BCB), retail merchant trade unionists and clients assure that the shortage continues, as the financial entities allege that they will soon receive from the central bank the currency.

Some clients of financial institutions indicated that despite having an account in dollars, the bank indicates that it will deliver bolivianos and not the foreign currency; while others indicated that the information they received is that they will only have foreign currency in October.

https://www.eldiario.net/portal/2023/08/11/escasez-de-dolares-se-mantiene-y-bancos-solo-entregan-bolivianos/

Leave a comment