[Opinion] BCB Implements Policies that Encourage Savings in UFV

Savings in UFV are promoted as an alternative to maintain the purchasing value of resources, as this unit varies its contribution according to inflation.

In view of the devaluation of Bolivia against the dollar, and the loss of value due to the accelerated inflation recorded in the country, public entities seek to promote savings in Housing Development Units (UFVs) in order to maintain the purchasing power of Bolivia. In this context, the Central Bank of Bolivia (BCB) implemented policies aimed at facilitating the saving of the population in Housing Development Units (UFVs) in the financial syste…

The Central Bank of Bolivia (BCB) issued a report in which it "communicates public opinion that, in the framework of the measures announced by the national government to protect the family economy, since this 28th May, it implements policies aimed at making it easier for the population to save in Housing Development Units (UFV) in the financial system and thus maintain the purchasing power of its resources."