The dollar soars to 12.80 for sale and 12 for purchase | El dólar se dispara a 12,80 para la venta y 12 para la compra

By Brújula Digital:

The dollar soars to 12.80 for sale and 12 for purchase; ASFI conducts inspections

The price of the dollar in the parallel market surged to 12.80 bolivianos for sale and 12 bolivianos for purchase. On Friday afternoon, personnel from the Financial System Supervision and Control Authority (ASFI) conducted inspections on Colón Street in the city center.

Currency exchange houses in the city center. Photo: Brújula Digital

The price of the dollar in the parallel market surged to 12.80 bolivianos for sale and 12 bolivianos for purchase. On Friday afternoon, personnel from the Financial System Supervision and Control Authority (ASFI) conducted inspections on Colón Street, in the city center.

Brújula Digital surveyed exchange rates at seven currency exchange houses and four street money changers in the same area, confirming these values.

The parallel market’s selling price of the dollar exceeds the official exchange rate of 6.96 bolivianos by 83.91%, while the purchase rate is 74.93% above the official value of 6.86 bolivianos. Until Tuesday, the foreign currency was trading at 11.50 bolivianos in the informal market.

At Plaza Obelisco, four street money changers offered the dollar at 12.80 bolivianos for sale, while the purchase price ranged from 11.89 to 12 bolivianos, depending on the transaction amount.

Two exchange houses on Ayacucho Street had no dollars available for sale but were buying at 11.30 and 11.80 bolivianos. On Loayza Street, one exchange house sold the currency at 11.30 bolivianos, while another stated that purchases were made at 12 bolivianos.

Meanwhile, on Colón Street, one exchange house reported having no dollars available for purchase or sale, while two others said they had no dollars for sale but maintained the official purchase price.

During inspections in the area, two ASFI officials verified the use of the official exchange rate and took photographs of the exchange rate signs displayed at currency exchange houses. One official explained that the inspection was in response to the persistent discrepancy between the official exchange rate and the actual price of the currency in transactions.

BD/AGT

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