Bolivian central bank offers preferential rate for dollars

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

The Central Bank of Bolivia announced on February 8 that it would offer private exporters a preferential exchange rate for their dollar earnings.

In a statement, the central bank said it would purchase dollars “at a competitive exchange rate that will be above the average offered in the financial system”.

The measure is an attempt to reinforce the country’s diminished reserves and preserve a de facto currency peg with the dollar. It also may aim appease exporters in a major eastern province

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