Bolivia ends 15-year dollar peg in attempt to restore economic stability
The central bank will oversee the shift as Bolivia seeks to restore stability and secure about $3 billion in IMF support.
- On Friday, Bolivia adopted a flexible exchange-rate system, ending a 15-year dollar peg to restore economic stability and "strengthen macroeconomic stability, preserve external competitiveness and contribute to the balance of payments equilibrium."
- Falling foreign-exchange reserves and increasing dollar shortages fueled a parallel market where the dollar traded near 20 bolivianos, prompting Bolivia's bid for a financing program worth at least $2.5 billion from the International Monetary Fund.
- The Central bank updated its website to show an official rate of 9.73 bolivianos per dollar as of Monday, implying a loss of about 30% in the currency's value from the previous buy rate.
- Last week, President Rodrigo Paz declared a state of emergency to clear blockades organized by the Bolivian Workers, who oppose International Monetary Fund borrowing fearing austerity measures.
- Economist Gonzalo Chavez warned that challenges persist despite the policy shift, stating, "Once you have this, the important thing is to continue getting dollars, to have international reserves in the Central bank.
21 Articles
21 Articles
In Bolivia, it is a small economic revolution that is taking place from this Monday, June 29, 2026. For fifteen years, the exchange rate between the national currency, the Boliviano, and the dollar was fixed by the Central Bank. From now on, this exchange rate will evolve according to the supply and demand of dollars, necessary to cope with the shortage of the green note and favor the export sectors. In fact, the Boliviano loses nearly 40% of it…
Bolivia Ends Its Dollar Peg, Devaluing the Boliviano 30%
Economy Key Facts —The decree. Bolivia’s economy ministry ended the country’s dollar peg on Friday, June 26, adopting a flexible exchange rate. —The history. The official rate had been fixed near 6.96 per dollar since 2011, one of the region’s longest pegs. —The new rate. The central bank’s official rate moved to 9.73 bolivianos per […] The post Bolivia Ends Its Dollar Peg, Devaluing the Boliviano 30% appeared first on The Rio Times.
Bolivia's major economic policy shift as it ends a dollar peg after 15 years to adopt a flexible exchange-rate system.
Bolivia ends 15-year dollar peg in attempt to restore economic stability
El Nuevo Cambio. Latin American Summary, June 28, 2026 The flexibility of the dollar in Bolivia will be constant and affects the purchasing power of Bolivian families, according to former president of the Plurinational State Evo Morales Ayma. The explanation was made during the program “Evo Pueblo, leader of the humble” that [...] La entrada Bolivia. The flexibility of the dollar in Bolivia will be continuous and affects the purchasing power of …
The Bolivian Government decided that the value of the U.S. currency will be determined based on daily supply and demand in the financial system. According to the Ministry of Economy, this measure seeks to “strengthen macroeconomic stability, preserve external competitiveness and contribute to the balance of payments”.
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