The IS American dollars trade at the beginning of the day 6.84 bolivianos on averageso that it represented a change of 1.73% compared to the price of the previous day, when it marked an average of 6.72 bolivianos.
Regarding last week’s profitability, the American dollars drop in record 0.29%; on the other hand, in terms of year on year, it still accumulates a rise in 1.76%. Regarding the changes of this day in relation to previous days, it puts two sessions in a row in positive values. The volatility of the last seven days appears to be higher than accumulated over the past year, which presents itself as an asset with larger than expected changes.
Uncertainty for the Bolivian
The IS The legal tender currency is boliviano of Bolivia since 1987 and is divided into 100 cents, the Bolivian peso was previously used but replaced. The Central Bank of Bolivia is the body in charge of regulating currency issuance.
Coins of it 10, 20 and 50 centavos, as well as 1, 2 and 5 bolivianos. In 1988 one boliviano was equal to one US dollar.
As for manufacturing, Bolivian currency stopped being minted and printed during the colonial era due to the lack of political interest, which would have put an end to it. coins and banknotes were made abroad at the low price that implies. In 2013 they were still manufactured in countries such as the United Kingdom, France and Chile.
Regarding the economy, in 2014 Bolivia used high public spending and an increase in domestic credit to maintain its growth, but these decisions led to an increase in public debt and a decrease in international reserves.
As in the whole world, the coronavirus pandemic it seriously affected the Bolivian economy, although inflation was not as high as other Latin American nations when it closed 2021 with 0.90 percent.
According to forecasts made by the World Bank this yearby 2022 Bolivia will grow only 3.7%, however, President Luis Arce has exceeded these forecasts and is convinced that the Gross Domestic Product (GDP) could grow up to 6 percent.
In addition to this, the country closed 2021 with a trade surplus of 1,471 million dollars, the first in the last six years, where annual negative balances were registered in the balance. In addition to these conditions, unemployment has increased by 5.2 percent.
The country is also facing global efforts to move to clean energy, so these conditions will push one of the largest gas exporting countries to look for alternatives.
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