At
the beginning of the day, the US dollar traded at 6.80 Bolivian, which rose 6.69 compared to 1.62% the previous day.
Regarding today's change compared to last day, the two sessions end in a row with a continuous trend. Last day volatility shows clearly higher behavior than volatility reflected in last year's data, so we're going through an unstable phase.
Inthe annual picture, the US dollar reached 6.82 boliviano and the lowest level is 6.65 boliviano. The US dollar is closer to its value than its lowest levels.
The
uncertainty about Bolivia Bolivia Bolivia
has been a legal tender for Bolivia since 1987 and has been divided into 100 cents. Previously, the Bolivian peso was used, but it was replaced. The Central Bank of Bolivia is the body that regulates the issuance of currencies.Today, coins are traded from 10, 20 and 50 cents, as well as $1, 2 and 5 dollars from Boliviano. In 1988, Bolivia was equivalent to the US dollar.
Regarding its creation, the Bolivian currency ceased to be issued and printed during the colonial period due to political lack of interest, which allowed coins and banknotes to be made abroad due to their low price. In 2013, it was still manufactured in countries such as the UK, France and Chile.
With regard to the economy, Bolivia resorted to higher public spending and an increase in domestic credit in 2014 to maintain growth, but these decisions led to an increase in public debt and a decrease in international reserves.
Like other countries, the coronavirus pandemic has severely affected Bolivia's economy, but inflation is not as high as in other Latin American countries, where 2021 closed at 0.90%.
This year, according to World Bank forecasts, Bolivia will grow by only 3.7% by 2022, but President Luis Arce challenged these expectations and confirmed that GDP could rise by up to 6%.
In addition, for the first time in the last six years, it closed 2021 with a trade surplus of $1471 million, with an annual negative balance recorded in the balance. In addition to these conditions, the unemployment rate has increased by 5.2%.
Thecountry is also facing a global effort to switch to clean energy, so these conditions will force one of the largest gas exporters to seek alternatives.
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