By El Diario: Bolivia needs around $800 million to purchase fuel, while debt payments are close to that amount. Following President Luis Arce Catacora’s statements that the country “lives day to day” due to the lack of dollars—along with the downgrade by Standard & Poor’s (S&P)—Bolivia’s economy remains at risk regarding debt payments and fuel…
Tag: exchange rates
Arce Admits the Dollar May Never Return to Official Rate | Arce admite que el dólar quizás nunca vuelva al tipo oficial
By Brújula Digital: President Arce says it is “likely” that the dollar will not return to the official exchange rate The president said that among the reasons making it unlikely for the dollar to return to the official exchange rate is “planet-wide” inflation. He ruled out a devaluation of the national currency. President Luis Arce…
USDT: gains ground as a means of payment | gana terreno como medio de pago
By El Deber: USDT gains ground as a means of payment in Bolivia: what are the opportunities and challenges of using this digital currency? USDT is currently trading at around Bs 16.69 In cities like La Paz, Santa Cruz, and Cochabamba, its use for paying services, buying food, or making transfers is already being reported,…
Cost of living skyrockets and uncertainty grows | Costo de vida se dispara y crece la incertidumbre
By El Deber: INFLATION The Bolivian currency has lost value against the U.S. dollar. Economists predict that June’s inflation will surpass May’s record and climb to 23% year-over-year. When a country’s inflation exceeds double digits, purchasing power quickly begins to erode. This phenomenon is not just a theoretical concern: it means that what can be…
Bloomberg projects year-on-year inflation of 22% through June | Bloomberg proyecta una inflación interanual de 22% hasta junio
By Daniel Zenteno, La Razón: The international outlet warns that prices will continue to rise due to internal crisis, dollar shortages, and social conflicts. Price increases cause inflation. Photo: Archive Inflation in Bolivia reached its highest level in 34 years this May, and all signs indicate the trend will continue upward. According to projections gathered…
USDT: The crypto gaining ground amid the dollar shortage | La cripto que gana terreno en medio de la escasez de dólares
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),…
Bolivian Thoughts | Pensamientos Bolivianos (Bilingual/Bilingüe) 