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: government failures
Usual Political Customs in Bolivia | Costumbres políticas usuales en Bolivia
By Carlos Toranzo, Brujula Digital: Racism has been one of the political customs that has run throughout the entirety of Bolivian history, joining the centuries-old discrimination of indigenous and popular sectors by oligarchies or aristocracies. If more than a century ago aristocracies discriminated against Indians, in the 21st century urban popular sectors and popular mestizos…
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…
What changes for your wallet? Bolivia eliminates the Financial Transactions Tax | ¿Qué cambia para tu bolsillo? Eliminan el impuesto a transacciones financieras en Bolivia
By Red Uno: President Rodrigo Paz enacted Law 1717, which eliminates the Financial Transactions Tax (ITF), a levy that had taxed multiple banking operations since 2006. Photo: Dollar and euro banknotes (El Cronista) President Rodrigo Paz enacted Law 1717, which eliminates the Financial Transactions Tax (ITF), a levy that had taxed multiple banking operations since…
Inflation Retreating, Economy Withdrawing | Inflación en retroceso, economía en retirada
By Gonzalo Chávez, Brujula Digital: At first glance, the data looks like a small statistical marvel, almost a sleight of hand worthy of a magic show: in February, monthly inflation was -0.62%, and in March it was -0.34%. Two consecutive months with the consumer price index (CPI) falling, no less, after a heavy blow to…
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…
Bolivian Thoughts | Pensamientos Bolivianos (Bilingual/Bilingüe) 