The central bank announced that it would maintain the exchange rate of the Boliviano against the US dollar. (Infobae)
On the last day the American dollar was negotiated at closing 6.85 Bolivianos on averagewhich represents a change of 0.15% compared to the previous day’s average of 6.86 Bolivians.
You may be interested in: Dollar: opening rate today, October 3, in Bolivia
Regarding last week, the American dollar notes an increase 1.91%so that there has still been an increase for a year 1.76%.
Compared to past dates, the result of the previous session was reversed as it recorded an increase of 2.36%, showing that the result was not stable in the last dates. In the last week, volatility has been lower than last year, so we can say that it is in a period of greater stability recently.
You may be interested in: Closing price of the dollar in Bolivia on October 3 from USD to BOB
He Bolivian is the legal tender The currency of Bolivia has been the currency of Bolivia since 1987 and is divided into 100 centavos. The Bolivian peso was previously used, but has been replaced. The Central Bank of Bolivia is responsible for regulating currency issuance.
You may be interested in: Bolivia: Opening rate of the dollar today, October 4, from USD to BOB
Today the coins are from
As for the creation of the Bolivian currency, its minting and printing was stopped during the colonial period due to a lack of political interest, which would lead to its eventual dissolution Coins and banknotes were made abroad due to the low costs involved. In 2013 they were still manufactured in countries such as the UK, France and Chile.
As for the economy, in 2014 Bolivia resorted to high public spending and increasing domestic credit to maintain growth, but these measures led to an increase in national debt and a decrease in international reserves.
Like in other countries too Coronavirus pandemic It significantly affected Bolivia’s economy, although inflation was not as high as other Latin American countries.
In 2022, Bolivia stood out for this a lower inflation rate than its neighboring countries, partly in response to fuel price subsidies and the fixed exchange rate of the dollar against the local currency; However, it suffered a loss of international reserves and increased debt.
The country also faces global efforts to switch to clean energy, so these conditions will force one of the largest gas exporting countries to look for alternatives this year.
The latest forecast from the Economic Commission for Latin America and the Caribbean (ECLAC) at the end of last year is: The rebound effect is expected to decline or be exhausted by 2023 in recovery.
This year, the region is only expected to grow by 1.3%, as Result of a restrictive monetary policygreater restrictions on government spending, lower levels of consumption and investment, little ability to contain inflation, and more.
According to ECLAC forecastsMexico would see growth of 1.1% by 2023.
This will be the estimated growth for these nations South America in 2023: Argentina (1%), Bolivia (3%), Brazil (1%); Chile (-0.9); Colombia (1.9%); Ecuador (2%); Paraguay (4%); Peru (2.2%); Uruguay (3%); Venezuela (5%).
For the area Central America there are: Costa Rica (2.8%), Cuba (1.8%); El Salvador (1.9%); Guatemala (3.3%); Haiti (0%); Honduras (3.3%); Nicaragua (2.1%); Panama (4.2%); and Dominican Republic (4.7%).
With regard to the region CaribbeanThe following increases are expected: Antigua and Barbuda (7.8%); Bahamas (4.1%); Barbados (3.5%); Belize (2.0); Dominica (3.5%); Grenada (3.6%); Jamaica (3%); Saint Vincent and the Grenadines (3.7%); Saint Lucia (5.9%); Suriname (2.4%); Trinidad and Tobago (2%).