Bolivia's dollar rate hits 11 bolivianos as businesses declare emergency

Bolivia's Central Bank has set the official dollar exchange rate at 11 bolivianos, a sharp increase from the long-standing official rate of 6.96 bolivianos. The new "flexible dollar" system, introduced on June 29, 2026, started at 9.73 bolivianos and has continued to climb.

The National Confederation of Micro and Small Enterprises (Conamype) has declared an emergency within the sector, demanding the government establish a dialogue table within 48 hours. Conamype argues that the flexible exchange rate has exacerbated the crisis facing thousands of productive units and threatens to cause widespread business closures.

Conamype President Helen Rivero criticized the government for not including micro and small businesses in economic discussions. "The government is not receiving us at any working group. We cannot disappear; we generate employment, contribute to the country, and bring in money. It cannot be that we are the fifth wheel of this government," she stated, emphasizing the sector's importance to the national economy.

“

The government is not receiving us at any working group. We cannot disappear; we generate employment, contribute to the country, and bring in money. It cannot be that we are the fifth wheel of this government.