ANF reports in El Deber: Jubileo recommends BCB to use clear rules The BCB reported that YPFB pays concessional loans. The rest benefits from its five-year grace period. The Jubileo Foundation recommended the Central Bank of Bolivia (BCB) to apply clear rules for the use of international reserves, as these are not freely available. It…
Tag: monetary policy
Bolivian Central Bank former president suggests prudent use of the Net International Reserves
ANF reports in El Deber: BCB president suggests prudent use of the RIN The former president of the Central Bank of Bolivia (BCB), Antonio Morales recommended that the Government use prudently the Net International Reserves (NIR) because if they fall, they could raise doubts about the soundness of the financial system. He also asked to…
Moody’s cuts outlook rating to negative for Bolivia
America Economia reports: Moody’s cuts outlook rating to negative for Bolivia Moody’s lowered Bolivia’s rating outlook credit to negative from stable, persistent pressures on the balance of payment and tax, as a result of an increase in budget deficits and current account. Moody’s kept the note for government bonds in Bolivia to ‘Ba3’. “Unlike other…
Bolivia is exposed and is vulnerable to the international economic crisis
Los Tiempos issued a report that warns about the international economic crisis, despite the continuing positive governmental statements that our economy is “armored,” this article reflects on important information, for full Spanish article please use link below: More than the 55 percent of Bolivian exports has as destination countries that, if all forecasts are met,…
Bolivia should not keep its currency high over the others… Monetary Policy 101, Jan 2012
El Dia reports today about the dangers of keeping a higher exchange rate of the Boliviano currency: The Government has defended the Bolivian currency appreciation, because it is an economic protective shield depending on the local markets. Several economists do not agree with this because the appreciation of one currency with respect to the other…
Businessmen fear effects of the falling dollar exchange rate
Businessmen fear effects of the falling dollar Bolivian private entrepreneurs have warned that the continuing fall in the value of the dollar against the Bolivian could cause the foreclosure of some of their businesses due to financial losses as a result of this anti-competitive monetary governmental policy; or if necessary, the dismissal of some workers. On November 1,…
Bolivian Thoughts | Pensamientos Bolivianos (Bilingual/Bilingüe) 