By Leonel Suárez, El País: Romero believes the main risk of using USDT in Bolivia is the population’s limited knowledge about how cryptoassets work, which opens the door to potential scams In the face of the persistent dollar shortage in Bolivia, a new currency is starting to circulate more strongly in the country: USDT (Tether),…
Tag: exchange rates
Cryptocurrencies: A New Alternative to the Dollar in Bolivia? | Criptomonedas: ¿la nueva alternativa al dólar en Bolivia?
By El Deber: The use of cryptocurrencies is growing in Bolivia Until 2024, the use of cryptocurrencies in Bolivia was explicitly restricted due to concerns about their instability and use in illicit activities, limiting their circulation and development in the country. A Bolivian expert analyzes the situation in Bolivia. With the increasing use of cryptocurrencies…
Street money changers sell the dollar at Bs 16.50 in La Paz | Los librecambistas venden el dólar a Bs 16,50 en La Paz
By Carlos Quisbert, Vision 360: Speculation These individuals refuse to give information and accuse the media and the public of “exaggerating” the issue of the U.S. dollar exchange rate. One of the money changer stalls, on the corner of Sagárnaga Street and San Francisco Square. Photo: Carlos Quisbert. At some money changer stalls and exchange…
The dollar drops to 16.41 bolivianos in the parallel market and USDT reaches 16.42 | El dólar baja hasta 16,41 bolivianos en el mercado paralelo y el USDT llega a 16,42
By Marco Antonio Belmonte, Visión 360: Volatile Behavior In some exchange houses the rate is variable, with sales offered at 16.70 bolivianos, 17, and even 17.35, while others have no supply. The dollar’s rate in the parallel market dropped and remains variable. Photo: ABI The dollar in exchange houses dropped on Monday morning to as…
Corruption: The Invisible Face of Economic and Judicial Crisis | Corrupción: la cara invisible de crisis económica y crisis judicial
By Gonzalo Colque, Brujula Digital: In Bolivia, the ties between corruption and the economy are so numerous that they often go unnoticed due to their normalization: bribes, kickbacks, clientelism, embezzlement, rigged bidding processes, among others. Every day, millions of dollars move in cash and in the form of favors convertible into money. It is not…
Keynes vs. Hayek: the Economic Debate That Will Define the Elections | el debate económico que definirá las elecciones
By Hugo Siles Espada, Brújula Digital: John Maynard Keynes (left) & Friedrich Hayek This coming August 17, Bolivia will not only elect a new president, but also its economic future. The country faces a historic crossroads: will it continue with the statist model that has dominated the last two decades, return to the free market…
Bolivian Thoughts | Pensamientos Bolivianos (Bilingual/Bilingüe) 