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Dollar Falls to 11.50 Bolivian Pesos, Expected to Hold Until Monday
🇧🇴 Bolivia /Economy & Trade

Dollar Falls to 11.50 Bolivian Pesos, Expected to Hold Until Monday

From El Deber · () Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

At a glance

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  • The official exchange rate for the US dollar in Bolivia has decreased to 11.50 Bolivian pesos.
  • This new rate will remain in effect from August 22 to August 24, following a two-cent reduction.
  • The dollar has shown a downward trend throughout August, losing 65 cents since July 31.

The U.S. dollar's official exchange rate in Bolivia has fallen to 11.50 Bolivian pesos, a level expected to hold through Monday, August 24. The Central Bank of Bolivia (BCB) announced the new rate on Friday, marking a two-cent decrease from its previous value. This adjustment continues a downward trend for the dollar that began at the start of August.

Since July 31, when the dollar was valued at 12.15 pesos, it has cumulatively dropped by 65 cents. The latest reduction signifies a sustained depreciation of the U.S. currency against the Bolivian peso. The BCB's publication of the official rate ensures a predictable exchange value for the upcoming weekend and the start of the work week.

The flexible exchange rate mechanism, as managed by the BCB, has seen the dollar's value fluctuate. This recent decrease is part of a broader pattern observed over the past few weeks, indicating a strengthening of the Bolivian peso relative to the U.S. dollar in the official market.

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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