By El Diario: Dollar value responds to the market rather than the official exchange rate The behavior of the Central Bank of Bolivia’s (BCB) reference dollar value confirms that the Bolivian financial system is moving toward a scenario in which the price of the dollar increasingly responds to real market conditions rather than the official…
Tag: exchange rates
Dollar reality overtakes policy | La realidad del dólar supera la política
By Erika Segales, El Deber: The official dollar loses weight after 14 years, and the reference rate dominates the real economy Home purchases, payments abroad, and even digital services are now calculated using the “reference” exchange rate. This is compounded by a recent decision by the Central Bank of Bolivia (BCB) that loosens the market…
Transfers abroad will be subject to commissions of between 5% and 10% | Giros al exterior estarán sujetos a comisiones de entre el 5 % y el 10 %
By Brújula Digital: For transfers of up to $1,000, only the costs established in the receiving country will be paid, but for higher amounts there will be preset internal fees. Reference photo / archive Following the normalization of the use of credit and debit cards for transactions abroad, the Financial System Supervisory Authority (ASFI) approved…
New Rules for Cards Abroad | Nuevas reglas para tarjetas en el exterior
By Juan Carlos Salinas, El Deber: Keys to understanding the new regulation of cards abroad The ASFI has already issued the regulation so that banks reactivate transactions with cards abroad /Photo: Internet The rule was issued by the Financial System Supervisory Authority. Learn what changes for online purchases and payments The Financial System Supervisory Authority…
Card Freedom Returns | Vuelve la libertad con tarjetas
By Carlos Corz, Vision 360: The Government “liberalizes” the use of cards for purchases in dollars; the reference exchange rate will govern transactions Bolivians will be able, starting this Tuesday, to carry out unlimited transactions with credit cards. President Rodrigo Paz and the Minister of Economy, José Gabriel Espinoza, announce the liberalization of card purchases….
Urgent Deal to Avoid Crisis | Acuerdo urgente para evitar crisis
By Erbol: URGENT NEED FOR A POLITICAL AGREEMENT Experts warn that difficult months are coming in economic and energy terms Panel of Hagamos Democracia this Sunday. Photo/screenshot Two specialists in economics and energy warned this Sunday that Bolivia could face complex months in economic and energy matters due to the shortage of foreign currency and the lack…
Bolivian Thoughts | Pensamientos Bolivianos (Bilingual/Bilingüe) 