By Marco Antonio Belmonte, Vision 360: They accept USDT and bitcoins Companies are opening up to receiving payments in “cryptos,” as are public entities. To obtain virtual money, it is necessary to create a personal account and purchase these assets through banks or even via QR. Illustrative image of people’s access to using bitcoins. Illustration:…
Tag: exchange rates
Parallel market dollar drives national economy | Dólar del mercado paralelo mueve economía nacional
By El Diario: The currency is above Bs 11 Parallel exchange rates emerge due to the Central Bank of Bolivia’s (BCB) inability to implement an effective exchange rate policy caused by a lack of reserves. As a result, most economic transactions are conducted using the dollar quoted in the parallel market, which remains above 11…
The average Bolivian could lose up to half of the purchasing power of their income | El boliviano promedio podría perder hasta la mitad del poder adquisitivo de sus ingresos
By Gonzalo Colque, Vision 360: Crisis in the Pocket: When the Bolivian Loses Purchasing Power An inflation rate of 10% or more can be considered an invisible tax, with a real impact far greater for consumers. We closed 2024 with high inflation rates: a 9.97% variation in the Consumer Price Index (CPI) and 15.4% in…
Medicines: Shortages and Rising Prices | Desabastecimiento y alza de precios
By Vision 360: Shortages and Rising Prices: The Deadly Impact of the Dollar Shortage, According to Importers and Manufacturers Cifabol and Asprofar agree that the zero tariff for medicine imports, implemented by the government last year and valid until March 2025, is not a solution. The pharmacy of the Hospital de Clínicas in La Paz,…
MAS: Liquidity crisis in banks, you cannot dispose of your own money! | Crisis de liquidez en los bancos, ¡no puedes disponer de tu propio dinero!
By El Diario: Banks worsen the liquidity crisis by implementing a “corralito,” leaving customers defenseless Banks have long imposed limits on the use of the U.S. dollar, but now this measure also applies to bolivianos. Customers can no longer access their savings based on their needs but rather according to the cash availability of the…
The MAS Economic Model Made the Economy More Dependent on the Dollar | Modelo económico del MAS volvió a la economía más dependiente del dólar
By El Diario, Eju.tv: The exchange rate for the dollar in the parallel market exceeds 10 bolivianos due to high demand, as it has become difficult to obtain at the official rate. Since the government of the Movement for Socialism (MAS) established a fixed exchange rate in 2011—6.86 for buying and 6.96 for selling—it made…
Bolivian Thoughts | Pensamientos Bolivianos (Bilingual/Bilingüe) 