By Red Uno: President Rodrigo Paz enacted Law 1717, which eliminates the Financial Transactions Tax (ITF), a levy that had taxed multiple banking operations since 2006. Photo: Dollar and euro banknotes (El Cronista) President Rodrigo Paz enacted Law 1717, which eliminates the Financial Transactions Tax (ITF), a levy that had taxed multiple banking operations since…
Category: Economics
Inflation Retreating, Economy Withdrawing | Inflación en retroceso, economía en retirada
By Gonzalo Chávez, Brujula Digital: At first glance, the data looks like a small statistical marvel, almost a sleight of hand worthy of a magic show: in February, monthly inflation was -0.62%, and in March it was -0.34%. Two consecutive months with the consumer price index (CPI) falling, no less, after a heavy blow to…
Law 157: Opportunity for the Rural Entrepreneur | Ley 157: oportunidad para el emprendedor rural
By German Huanca, Urgente.bo For seventy-three years, Bolivia’s peasants and indigenous people had land but no capital, plots but no credit, work but no real possibility of risking anything tangible to start a business. Law 157 changes that equation at its core: for the first time since the 1953 agrarian reform, a government recognizes that…
Transfers abroad will be subject to commissions of between 5% and 10% | Giros al exterior estarán sujetos a comisiones de entre el 5 % y el 10 %
By Brújula Digital: For transfers of up to $1,000, only the costs established in the receiving country will be paid, but for higher amounts there will be preset internal fees. Reference photo / archive Following the normalization of the use of credit and debit cards for transactions abroad, the Financial System Supervisory Authority (ASFI) approved…
The political party is not a taxi | El partido político no es un taxi
By Johnny Nogales, El Dia: In La Paz, the election for governor has turned into an open controversy. Those who question the Electoral Tribunal’s decision not to proceed with a runoff face those who defend it. In that scenario, it is worth pausing to examine the underlying problem. The objection now raised to the NGP…
New Rules for Cards Abroad | Nuevas reglas para tarjetas en el exterior
By Juan Carlos Salinas, El Deber: Keys to understanding the new regulation of cards abroad The ASFI has already issued the regulation so that banks reactivate transactions with cards abroad /Photo: Internet The rule was issued by the Financial System Supervisory Authority. Learn what changes for online purchases and payments The Financial System Supervisory Authority…
Bolivian Thoughts | Pensamientos Bolivianos (Bilingual/Bilingüe) 