Dollar Surge Sparks Protests | Alza del Dólar Desata Protestas

By Brújula Digital:

Vendors, Small Business Owners, and Artisans Announce Protests Over Rising Dollar and Higher Input Costs

Representatives of productive sectors say that the sharp rise in the exchange rate of the U.S. dollar is increasing the cost of raw materials and reducing their sales.

Representatives of micro, small, and medium-sized enterprises, street vendors, and artisans warned that the continuous increase in the dollar exchange rate has led to higher costs for imported inputs and greater difficulties in maintaining their economic activities. They are demanding exchange-rate stability and have threatened protests if the situation does not improve.

“We need an exchange rate that allows us to stay afloat, continue growing, and keep producing. If this continues, we will truly have to stop,” said Helen Rivero, executive representative of the small and medium-sized business sector. She added that the rise in the dollar has placed the sector in a critical situation and that many producers can no longer sustain their businesses.

Following the implementation of the new exchange-rate regime at the end of June, the U.S. currency surpassed Bs 10, continuing a steady upward trend that has already exceeded 10%.

For her part, Mercedes Quisbert, executive representative of the vendors’ sector, said that self-employed traders are facing the same challenges and announced that they will support the protest measures called by their national organization.

“We are self-employed workers; we are vendors. We are going to mobilize so that people know everything that is happening and so that all Bolivians understand that this situation cannot continue,” she said. She added that the deterioration of the economy is affecting both merchants and consumers and called for immediate responses from the authorities.

Representing the artisans, Ronald Quisbert explained that the increase in the dollar has made raw materials more expensive and has significantly reduced sales.

“Products arrive priced in dollars, and we buy from the people who bring in that merchandise. We either cannot find materials anymore or we find them at very high prices, and people are no longer buying from us,” he said. “More than 80% of artisans cannot obtain raw materials. We live day by day, and this situation is harming our families’ economy and our ability to put food on the table,” he lamented.

Quisbert also confirmed that the sector is in a state of emergency and will join the demonstrations called by the National Confederation of Vendors.

“We demand that this government stabilize the dollar. We are going to take to the streets to achieve results and to make sure our demands are addressed,” he said.

BD/LE/MZS

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