Humberto Vacaflor writes in El Diario: Monetary whim Convinced that the “economic miracle” of Bolivia is based on the fixed exchange rate of the currency, the finance minister refuses to meet the request of entrepreneurs in the country who suffer the consequences of the devaluation of the currencies of neighboring countries. The minister does not…
Tag: exchange rates
Bolivia to experience dollar black market due to governmental inefficiencies
An important warning that current government should consider seriously as in the past, the black market on dollar exchange has caused inflation, speculation and less competitiveness to our economic activities. From Los Tiempos: BY TAX BURDEN | The national private banking provides that it will have to abandon the sale of foreign currency because of…
The procedural rules/norms under work for the ‘Dollar Law’
Bolivian citizens and specially those living abroad who are sending remittances to their families back home, must take special attention to this new governmental policy. Ismael Luna Acevedo writes for El Dia: Financial institutions must adapt The procedural rules/norms under work for the ‘Dollar Law’ Money. The State with this standard hopes to have an…
The Bs to the US dollar exchange rate should remain as is
The Fundacion Milenio has important information, that should serve for our exporters, people who receive remittances and to try to keep a ‘stable’ Bolivian economy, regardless of political preferences… ABI reports: Milenio affirms that Bolivia has sufficient resources to keep a stable exchange rate The Economist and researcher of the Millennium Foundation, José Luis Evia,…
Threatened Bolivian macroeconomic stability
Today I will share Alberto Bonadona’s interesting and worrying article published in El Deber: Bolivia stood in a past that still many remember as an economy of great instability. It reached the second rate of higher inflation in Latin America with more than 11,000% of growth of their prices in 1984. But not only inflation became…
Bolivia should not keep its currency high over the others… Monetary Policy 101, Jan 2012
El Dia reports today about the dangers of keeping a higher exchange rate of the Boliviano currency: The Government has defended the Bolivian currency appreciation, because it is an economic protective shield depending on the local markets. Several economists do not agree with this because the appreciation of one currency with respect to the other…
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