DistantNews
Support us
Dollar nears 12 Bolivian pesos as official rate set for Tuesday
🇧🇴 Bolivia /Economy & Trade

Dollar nears 12 Bolivian pesos as official rate set for Tuesday

From El Deber · () Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

At a glance

News Official statement Context piece
  • The Bolivian flexible exchange rate dollar is nearing 12 Bolivian pesos (Bs) per dollar.
  • The official rate set by the Central Bank of Bolivia for Tuesday, July 28, will be Bs 11.54.
  • The parallel market rate shows the dollar trading at Bs 11.63 for buying and Bs 11.61 for selling.

The Bolivian peso continues to weaken against the U.S. dollar, with the official flexible exchange rate approaching 12 Bolivian pesos per dollar. The Central Bank of Bolivia (BCB) updates the exchange rate daily on its official website, a mechanism that has been in place since June 29.

For Tuesday, July 28, the BCB has set the exchange rate at 11.54 Bolivian pesos to the dollar. This figure is less than 50 cents away from the symbolic threshold of 12 Bs per dollar. On Monday, the rate remained stable at 11.37 Bs, a rate that had been in effect since Saturday, July 25.

Meanwhile, the parallel or "black" market indicates a slightly higher rate for the U.S. currency. According to unofficial sources, the dollar is trading at 11.63 Bs for purchases and 11.61 Bs for sales in this informal market.

The trend shows a consistent depreciation of the Bolivian peso against the dollar, raising concerns about potential inflationary pressures and the cost of imported goods within the Bolivian economy.

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.

More Stories

From Our Blog