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…
Tag: ineptocracy
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…
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),…
The root problem is the accelerated loss of purchasing power | El problema de fondo es la pérdida acelerada del poder adquisitivo
By Miguel Angel Amonzabel Gonzales, El Deber: When Cooking Became a Bolivian Luxury May 2025 will go down as the most critical month of the year for Bolivia’s economy. A combination of internal and external factors unleashed a perfect storm that hit households hard and put small and medium-sized businesses in check. Among all the…
Cryptocurrencies: A New Alternative to the Dollar in Bolivia? | Criptomonedas: ¿la nueva alternativa al dólar en Bolivia?
By El Deber: The use of cryptocurrencies is growing in Bolivia Until 2024, the use of cryptocurrencies in Bolivia was explicitly restricted due to concerns about their instability and use in illicit activities, limiting their circulation and development in the country. A Bolivian expert analyzes the situation in Bolivia. With the increasing use of cryptocurrencies…
Incredulity, Fear, Indifference | Incredulidad, miedo, indiferencia
By Renzo Abruzzese, Brújula Digital: The palpable social anxiety over the shortage of dollars contrasts sharply with the government’s discourse that boasts of economic stability and a glorious future. Its main component, the dollar, has become less a means of exchange and more a fetish. It is a painful symbol of the lost normalcy, one…
Bolivian Thoughts | Pensamientos Bolivianos (Bilingual/Bilingüe) 