By Erika Segales, El Deber: The official dollar loses weight after 14 years, and the reference rate dominates the real economy Home purchases, payments abroad, and even digital services are now calculated using the “reference” exchange rate. This is compounded by a recent decision by the Central Bank of Bolivia (BCB) that loosens the market…
Category: Economics
What changes for your wallet? Bolivia eliminates the Financial Transactions Tax | ¿Qué cambia para tu bolsillo? Eliminan el impuesto a transacciones financieras en Bolivia
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…
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…
Bolivian Thoughts | Pensamientos Bolivianos (Bilingual/Bilingüe) 