Bolivia seeks reserves boost from retail bond sale

Unusual central bank operation “does not make much sense”, former governor says

Banco Central de Bolivia
Central Bank of Bolivia, La Paz
Photo: Rachael King

The Central Bank of Bolivia (BCB) announced on January 27 that it would offer dollar-denominated bonds to Bolivian residents receiving international payments. The unusual move is designed to shore up the central bank’s reserves.

In a statement, the central bank said it would offer “BCB Remittance Bonds” with an individual face value of $100 each. Each customer may purchase up to 100 bonds. The interest would be paid in bolivianos, but the principal would be paid back in US dollars unless

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