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…
Tag: public policy failures
Crisis has not stopped and tends to worsen | Crisis no se ha detenido y tiende a agudizarse
By El Diario: Analyst warns Echoing opinions that view recent statements by President Luis Arce Catacora as a confession of the country’s delicate economic state, analyst and university professor Julio Alvarado stated that the president contradicts himself by denying the crisis while acknowledging uncertainty over the internal fuel supply, a situation that only points to…
Bolivia: la nueva frontera para las pequeñas empresas crypto | the new frontier for small crypto enterprises
Por Cryptonomist: En Bolivia, las crypto están rápidamente convirtiéndose en una solución innovadora para las pequeñas empresas que enfrentan desafíos económicos e inestabilidad cambiaria. Esta tendencia, en crecimiento en 2024, refleja un cambio más amplio a nivel regional en América Latina hacia el uso de activos digitales para eludir sistemas bancarios tradicionales y defenderse de la inflación. La difusión de las…
Bolivian economy faces more risks than solutions | Economía boliviana con más riesgos que soluciones
By El Diario: Bolivia needs around $800 million to purchase fuel, while debt payments are close to that amount. Following President Luis Arce Catacora’s statements that the country “lives day to day” due to the lack of dollars—along with the downgrade by Standard & Poor’s (S&P)—Bolivia’s economy remains at risk regarding debt payments and fuel…
Arce Admits the Dollar May Never Return to Official Rate | Arce admite que el dólar quizás nunca vuelva al tipo oficial
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…
China-backed gold mines flood towns and pollute rivers in Bolivia | Las minas de oro respaldadas por China inundan pueblos y contaminan ríos de Bolivia
By Entorno, Brujula Digital: In the mining center of Tipuani, Chinese investors remain distant and difficult to locate. Their silent presence is transforming the region, raising questions, tensions, and a growing sense of division Fidel Véliz, a victim of the disaster, tries to enter his house through the contaminated water. Photo: Entorno The water reaches…
Bolivian Thoughts | Pensamientos Bolivianos (Bilingual/Bilingüe) 