Bolivia sells dollars to public as reserves dwindle

Analysts say central bank may not be able to defend its peg much longer

Central Bank of Bolivia
Central Bank of Bolivia
Photo: Rachael King

The Central Bank of Bolivia announced it would sell US dollars to individuals at its own offices and through state-owned Banco Unión, as a deepening crisis threatens to break the country’s exchange rate peg.

The policy, announced on March 6, is a response to a scarcity of dollars in the commercial sector and limits on purchases at commercial banks. Bolivia’s foreign exchange reserves have been declining for several years.

Interim governor Edwin Rojas invited “those having difficulties

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