DistantNews
Support us
🇧🇴 Bolivia /Economy & Trade

Flexible dollar holds its rise, trading at Bs 12.58 on Monday

From El Deber · () Spanish

Translated from Spanish and summarized by DistantNews. Read the original for the full story.

At a glance

News Documents & data Ongoing story
  • Bolivia’s flexible dollar traded at Bs 12.58 on Monday, remaining above the 12-boliviano threshold.
  • The parallel market listed the currency at Bs 12.45 for buying and Bs 12.43 for selling, according to available references.
  • The new flexible exchange-rate system replaced nearly 15 years of fixed rates and responds to the country’s foreign-currency shortage.

After a week of uninterrupted increases, Bolivia’s flexible dollar began the week at Bs 12.58, remaining above the 12-boliviano barrier.

The rate has been in effect since Saturday, September 5, under Bolivia’s new exchange-rate system. During the previous week, the dollar continued climbing and reached new highs, crossing Bs 12 for the first time.

In the parallel market, available reference rates put the dollar at Bs 12.45 for purchases and Bs 12.43 for sales.

Bolivia introduced the flexible dollar to end nearly 15 years of fixed exchange rates and respond to a shortage of foreign currency. The system also brings the official rate closer to conditions already visible in the parallel market.

The Central Bank of Bolivia updates the flexible dollar’s rate daily at 8 p.m. The value can therefore change according to the supply and demand for foreign currency.

About this summary

Originally published by El Deber in Spanish. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

More Stories

From Our Blog