By Unitel: “It’s One Thing to Have a Flexible Exchange Rate and Another to Let the Dollar Climb the Stairs,” Economist Warns Reference photo As Bolivia’s official exchange rate for the U.S. dollar continues to rise, economist Gonzalo Chávez said the challenge is not the abandonment of the country’s long-standing fixed exchange-rate system, but the…
Tag: exchange rates
“Flexible” Dollar Nears One Month, Keeps Climbing | El dólar “flexible” cumple un mes y sigue escalando
By Carlos Corz, Vision 360: The “Flexible” Dollar Is Hours Away From Completing Its First Month, Continues Rising Daily and Reaches Bs 11.54 The new exchange-rate policy, which ended more than 15 years of a fixed exchange rate, came into effect on June 29. The exchange rate continues to fluctuate and reached Bs 11.54 on…
Banks Turn to Crypto Dollars | Bancos migran a criptodólares
By Los Tiempos: Due to the Lack of Dollars, Banks Are Migrating to Cryptocurrencies Under a Central Bank Rule Dollar bills and cryptocurrencies | Social media Since 2023, Bolivia has stopped receiving the amount of U.S. dollars demanded by the market. Foreign currency has become a scarce and highly valued commodity. Three years into the…
IMF Funds to Boost Reserves and Stabilize the Dollar | Recursos del FMI para Fortalecer Reservas y Estabilizar el Dólar
By Milton Condori, Vision 360: IMF Funds Should Be Used to Bolster Reserves and Stabilize the Dollar Exchange Rate, Economists Say Economists Antonio Saravia and Fernando Romero argue that turning to the International Monetary Fund (IMF) was necessary, as Bolivia is facing an economic crisis from which it has struggled to emerge. The U.S. dollar….
Dollar Surge Continues | El dólar sigue escalando
By Brujula Digital: Analyst Sees Bolivian Dollar Exchange Rate Reaching Bs13.37 by Late August if Current Trend Holds An analysis by economist Jimmy Osorio says the weighted average exchange rate has climbed 14.4% between June 26 and July 22. Chart showing the rise in the U.S. dollar exchange rate / Jimmy Osorio Bolivia’s financial-system exchange…
Samuel Breaks with Government; Paz Set to Reshuffle Cabinet | Samuel se aleja del Gobierno y Paz ajustará su gabinete
By Yolanda Mamani, El Deber: Lupo’s future remains uncertain as president says split will not affect legislative support Businessman and National Unity (UN) leader Samuel Doria Medina formally ended his alliance with President Rodrigo Paz on Wednesday, bringing to a close an eight-month partnership that had included legislative backing, advisory support and the appointment of allies to positions within…
Bolivian Thoughts | Pensamientos Bolivianos (Bilingual/Bilingüe) 