Investment restrictions can cause capital flight | Restricciones a las inversiones pueden causar fuga de capitales

El Diario:

Restricciones a las inversiones pueden causar fuga de capitales
Restrictions on investments abroad show a negative signal.
Las restricciones a las inversiones en el exterior muestra una señal negativa.
  • The ban on capital outflows is a desperate measure that entails the creation of a “black market” and is a bad signal for investors, maintains @DarioMS_Ekomos.
  • The economist Gonzalo Chávez, on his social networks, maintains that the measure is due to the lack of dollars in the national market, which has not yet been regularized, despite official statements.

The ban on capital outflows was described by economists as a desperate measure, since any ban in the economy entails the creation of a “black market,” which is a bad sign for investors.

Likewise, “capital is going to leave the same, the market is going to be distorted and capital flight will be greater,” the restriction on investments abroad shows a negative signal, according to what he wrote in his X account @DarioMS_Ekomos.

The economist Gonzalo Chávez, on his social networks, maintains that the measure is due to the lack of dollars in the national market, which has not yet been regularized, despite official statements.

Miguel Calderon wrote in X @miguelcgangel: Expropriations of companies and investors in Bolivia begin. The State forces everyone to bring 95% of their dollars to Bolivia, that is, if a Bank or Investment Fund had their money in stocks or something to make their money grow, they will have to take it out, even if it is at a loss.

On the other hand, the economist and former director of the Central Bank of Bolivia (BCB), Gabriel Espinoza Y., wrote in X @g_espinoza: Let it be clear, not only are they further reducing the foreign investment limits of investment funds (which increases the exposure of Bolivians to the growing country risk), but at the same time they are freeing Banco Unión from all the limits that they apply to the rest of the banks to invest abroad.

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