By ANF, Eju.tv: The tourism sector stated that the economic crisis is hitting them hard due to the rising cost of basic goods and the fuel shortage. The president of the La Paz Departmental Chamber of Hotels, Helga Cisneros, questioned on Tuesday the government of Luis Arce for imposing “out-of-place requirements” on tourists who want…
Tag: exchange rates
The national minimum wage is devalued against the parallel dollar | El salario mínimo nacional se devalúa frente al dólar paralelo
By El Diario: Despite the 5% wage increase set by the government for this year, from 2,500 to 2,750 bolivianos, the widening gap between the official and parallel exchange rates has caused a 50% devaluation. A few days ago, Bloomberg reported that Bolivia’s national minimum wage is the third lowest in the region using the…
“People are prioritizing food over dollars”: USDT drops below Bs 15 | “La gente está priorizando alimentos antes que dólares”: cae del USDT por debajo de Bs 15
By Ernesto Estremadoiro, El Deber: EXCHANGE RATE People are prioritizing buying food over purchasing dollars/Photo: Ricardo Montero Fernando Romero, president of the College of Economists of Tarija, attributes the drop in the digital dollar to lower demand driven by inflation, informal currency inflow, and a political environment that generates expectations of stability. The price of…
Hidden poverty and structural crisis | Pobreza oculta y crisis estructural
By Ernesto Estremadoiro, El Deber: Jubileo Foundation warns of hidden poverty and structural crisis: “Bs 100 is no longer enough to buy food” The Bolivian peso continues to lose value Economist Carla Cordero warns that Bolivia is facing a multidimensional crisis that erodes families’ purchasing power, with food inflation surpassing 20% and state measures proving…
The parallel dollar sells for under Bs16, the lowest rate since May | El dólar paralelo se vende por debajo de los Bs16, la cotización más baja desde mayo
By Agencia EFE, Unitel: The parallel dollar, both on the street and in digital wallets where it is traded as a crypto asset, dropped at the end of June [Reference photo] / The exchange rate on virtual markets was highly variable this month The parallel dollar registered its lowest value since May at the start…
Boliviano devaluation reaches 137% against the dollar | Devaluación del boliviano es de 137% respecto al dólar
By El Diario: The boliviano is facing its highest exchange rate pressure in over a decade, as the value of the U.S. dollar in the parallel market surges, creating an unprecedented gap with the official exchange rate. Although the Central Bank of Bolivia (BCB) maintains the official rate at 6.96 bolivianos per dollar, on the…
Bolivian Thoughts | Pensamientos Bolivianos (Bilingual/Bilingüe) 