Closing value of the dollar in Bolivia this October 5 from USD to BOB

The Central Bank announced that it will preserve the exchange rate of the Bolivian against the US dollar.  (Infobae)
The Central Bank announced that it will preserve the exchange rate of the Bolivian against the US dollar. (Infobae)

In the last day the American dollar was negotiated at closing 6.85 bolivianos on averageso that it represented a change of 1.91% compared to the 6.72 bolivianos on average of the previous day.

Taking into account the last week, the American dollar brand of although, on the contrary, in the last year it still maintains a decrease in 0.15%.

Compared to past days, it stopped with the flat streak of market prices of the last three days. The volatility of the last seven days was 19.95%, which is a figure somewhat higher than the annual volatility figure (18.22%), so it presents greater changes than the general trend of the value.

He Bolivian is the legal tender of Bolivia since 1987 and is divided into 100 centavos. Previously, the Bolivian peso was used but it was replaced. The Central Bank of Bolivia is the body in charge of regulating the issuance of currency.

Currently, the coins of

Regarding manufacturing, the Bolivian currency stopped its minting and printing during the colonial era due to lack of political interest, which would cause it to finally coins and banknotes were created abroad due to the low cost that this implies. In 2013 they were still manufactured in countries such as the United Kingdom, France and Chile.

Regarding the economy, in 2014 Bolivia resorted to high public spending and increasing domestic credit to maintain its growth, but these decisions resulted in an increase in public debt and a reduction in international reserves.

As throughout the world, the coronavirus pandemic It severely affected Bolivia’s economy, although inflation was not as high as in other Latin American nations.

In 2022, Bolivia stood out for having a lower inflation rate than its neighboring countries, this is due to a response to fuel price subsidies and the fixed exchange rate of the dollar with respect to the local currency; However, it has had to face a loss of international reserves and increased debt.

Bolivia is also facing global efforts to move to clean energy, so these conditions will force one of the largest gas exporting countries to look for alternatives this year.

According to the latest forecasts made by the Economic Commission for Latin America and the Caribbean (ECLAC), after there was progress in 2022 following the crisis due to the coronavirus pandemic, By 2023, a decline or exhaustion of the rebound effect is expected in recovery.

For this year, only 1.3% growth is expected for the region, as result of restrictive monetary policiesgreater limitations in fiscal spending, lower levels of consumption and investment, little ability to contain inflation and more.

According to ECLAC forecastsMexico would have a growth of 1.1% by 2023.

These will be the estimated growth for these nations of South America in 2023: Argentina (1%), Bolivia (3%), Brazil (1%); Chile (-0.9); Colombia (1.9%); Ecuador (2%); Paraguay (4%); Peru (2.2%); Uruguay (3%); Venezuela (5%).

For the area of Central America there are: Costa Rica (2.8%), Cuba (1.8%); El Salvador (1.9%); Guatemala (3.3%); Haiti (0%); Honduras (3.3%); Nicaragua (2.1%); Panama (4.2%); and Dominican Republic (4.7%).

With regard to the region of Caribbean, the following growth is expected: Antigua and Barbuda (7.8%); Bahamas (4.1%); Barbados (3.5%); Belize (2.0); Dominica (3.5%); Grenada (3.6%); Jamaica (3%); Saint Vincent and the Grenadines (3.7%); Saint Lucia (5.9%); Suriname (2.4%); Trinidad and Tobago (2%).

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