By El Diario: The measures implemented, as well as the General State Budget (PGE) for this administration, aim to destroy the country’s productive apparatus and keep Bolivians dependent. Meanwhile, long lines of vehicles continue at gas stations, and some fuel stations have had to close due to shortages. In response, the government is increasing public…
Tag: exchange rates
Two years after the start of the exchange rate crisis, no effective solution is in sight, warns economist | A dos años del inicio de la crisis cambiaria, no se vislumbra una solución efectiva, advierte economista
By Raúl Domínguez, El Deber: The exchange rate crisis began in February 2023 / Photo: Ricardo Montero Economist Fernando Romero warns that two years after the start of the exchange rate crisis, the government has yet to find an effective solution. The shortage of dollars has led to rising prices and strengthened the black market….
You can now buy salteñas or pay for a trip with cryptocurrencies | Ya se puede comprar salteñas o pagar un viaje con criptomonedas
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:…
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,…
Bolivian Thoughts | Pensamientos Bolivianos (Bilingual/Bilingüe) 