Bolivia needs to adjust the exchange rate to the dollar, soon!

Matthew Bristow reports for Bloomberg: Fitch Says Bolivia Reserves Are No Longer Enough for FX Peg Bolivia has depleted its “war chest” of international reserves to the point that it no longer has enough dollars to defend the nation’s fixed exchange rate, according to Fitch Ratings. Fitch in November downgraded the Andean country to B+,Continue reading “Bolivia needs to adjust the exchange rate to the dollar, soon!”