By Stefany Guzmán, Eju,tv:

Here’s what the Minister of Economy says

The Minister of Economy, José Gabriel Espinoza, assured that the Government is working gradually to prepare Bolivia for a floating exchange rate, while the referential dollar stabilizes in the market.

The Minister of Economy, José Gabriel Espinoza, stated in advance that the Bolivian Government is working gradually to stabilize the exchange rate and move toward a floating dollar system.

“Little by little we are eliminating the shortage of foreign currency in the country. The market has understood this and, along with other signals, the referential dollar rate has begun to show a downward trend. If we continue with these signals and the market keeps understanding them, it’s reasonable to expect the referential exchange rate to continue falling,” said Espinoza.

The authority added that the goal of a floating exchange rate seeks “the best for an economy that needs to export.” However, he acknowledged that before implementing it, several administrative hurdles must be dismantled and the economy must be put in order—one of them being fiscal spending.

Regarding the timeline for these measures, Espinoza indicated: “Our deadline is the beginning of structural policy changes during the second quarter of 2026. That means that by that time we should already have stabilized the economy. Now, exactly when, I cannot say because we need to move forward gradually.”

“In the meantime, what we must do is keep sending positive signals so that expectations remain controlled and people begin to regain confidence in the Bolivian economy,” he added.