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Bolivia's Official Dollar Exchange Rate Continues to Fall
🇧🇴 Bolivia /Economy & Trade

Bolivia's Official Dollar Exchange Rate Continues to Fall

From El Deber · () Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

At a glance

News Official statement Context piece
  • The flexible dollar exchange rate in Bolivia, announced by the Central Bank of Bolivia (BCB), continues to decrease.
  • The official exchange rate is projected to reach Bs 11.66 on Thursday, down from Bs 11.71 on Wednesday.
  • Despite the official rate's decline since July 31, the parallel market rate remains lower, with prices at Bs 11.53 for buying and Bs 11.50 for selling.

The Bolivian dollar exchange rate is experiencing a continued downward trend, according to the latest reports from the Central Bank of Bolivia (BCB). The flexible dollar rate, which the BCB announces daily, is set to reach Bs 11.66 on Thursday, a further decrease from Wednesday's official rate of Bs 11.71.

This downward movement in the official exchange rate has been ongoing since Friday, July 31. On that date, the dollar's value peaked at Bs 12.15, after which it has gradually declined. This sustained decrease in the official rate contrasts with the parallel market, where the dollar's cost remains even lower.

In the parallel market, the dollar is currently priced at Bs 11.53 for buying and Bs 11.50 for selling. This indicates a significant gap between the official and parallel market rates, with the parallel market offering a more favorable rate for those seeking to exchange currency.

DistantNews Editorial

Originally published by El Deber in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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