Street money changers sell the dollar at Bs 16.50 in La Paz | Los librecambistas venden el dólar a Bs 16,50 en La Paz

By Carlos Quisbert, Vision 360:

Speculation

These individuals refuse to give information and accuse the media and the public of “exaggerating” the issue of the U.S. dollar exchange rate.

Uno de los puestos de librecambistas, en la esquina de la calle Sagárnaga y la plaza San Francisco. Foto: Carlos Quisbert.

One of the money changer stalls, on the corner of Sagárnaga Street and San Francisco Square. Photo: Carlos Quisbert.

At some money changer stalls and exchange houses, the dollar is being sold at 16.50 bolivianos, with the exchange rate reaching up to 16 bolivianos, according to a survey conducted by Visión 360 in downtown La Paz.

“It’s at 16.50, there are 1,000 dollars available for sale,” answered a money changer when asked if she was selling the currency. The woman has her stall on Mercado Street, at the corner known as “calle onda.”

Near Sagárnaga Street and San Francisco Square, the situation is slightly different, as that area has businesses that attract foreign tourists and there is significant economic activity involving that currency.

While street vendors speculate based on the appearance of the person asking, one exchange house stated that they did have dollars for sale at the same price, but could only offer up to 500 dollars.

Meanwhile, on Camacho Avenue, the money changers who try to lure potential clients with flattery only give the price at which they sell the foreign currency when they see genuine interest; otherwise, they do the asking. “Are you looking to exchange or to buy?”

Visión 360 asked the money changers in this area whether they were willing to give an open interview. Several of them reacted angrily and even covered their faces with the umbrellas they use to protect themselves from the sun, rejecting the request for information.

“An interview? No. Journalists distort things. People exaggerate, it’s not like they say, it’s not a full-blown crisis,” responded one man, gesturing with his hands and spreading his arms as he said, “the price hasn’t gone up that much, it depends on supply, but they’ve been saying the dollar was nearly 20 bolivianos and that’s not true,” the money changer claimed.

Let’s remember that the Central Bank of Bolivia (BCB) set the official selling price of the dollar at 6.96 bolivianos, but in the parallel market, the price of the foreign currency has doubled since the end of March.

An exchange house located on Mercado Street.
Photo: Carlos Quisbert

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