El Dia: Economist Suspects Government is Printing Money to Cover Expenses Dunn recommended the public to pay close attention to inflation figures. Two weeks ago, the Minister of Economy warned that inflation could rise and, in any case, it would be imported inflation. Economist Jaime Dunn expressed his suspicions that the government, in order to…
Tag: monetary policy
Bolivia needs to adjust the exchange rate to the dollar, soon!
Matthew Bristow reports for Bloomberg: Fitch Says Bolivia Reserves Are No Longer Enough for FX Peg Bolivia has depleted its “war chest” of international reserves to the point that it no longer has enough dollars to defend the nation’s fixed exchange rate, according to Fitch Ratings. Fitch in November downgraded the Andean country to B+,…
Determined actions of the BCB will affect people’s expectations
El Diario reports: According to economic analysts The Central Bank tried to dispel concerns in the population and minimized the measure The determination is linked to the fall of reserves said a specialist There will be no devaluation and the model will not be adjusted, said yesterday, Pablo Ramos, president of the issuing institute BOLIVIAN…
Starting 2018: Check out the new banknotes that will circulate in Bolivia
Christopher Andre reports for El Deber: ECONOMY Starting 2018: Check out the new banknotes that will circulate in Bolivia The current designs will be replaced by figures of heroes of the libertarian deed, flora and fauna in danger of extinction and national heritage. The Central Bank of Bolivia (BCB) is ready to launch in the…
Bolivian Authorities Arrest 60 ‘Cryptocurrency Promoters’
Aaron van Wirdum reports for Bitcoin Magazine: Bolivian Authorities Arrest 60 ‘Cryptocurrency Promoters’ The Bolivian Financial System Supervision Authority (ASFI) arrested 60 “cryptocurrency promoters” last week. According to a statementpublished by the ASFI, in which it refers to bitcoin and several altcoins, the arrestees were carrying out “training activities” relating to investments that have “characteristics of…
With Its Unbanked Majority, Bolivia Can Gain Much From Adopting Bitcoin
Adam Dubove writes for The Cointelegraph: With Its Unbanked Majority, Bolivia Can Gain Much From Adopting Bitcoin A country with a high-rate of the unbanked, a large informal economy and a tumultuous history of inflation sounds like a perfect scenario for Bitcoin and cyrpyocurrencies to thrive. However, a quick glimpse on Bitcoin-related groups on social…
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