Bolivian central bank offers preferential rate for dollars
Dwindling reserves drive new measures to obtain foreign exchange and gold for central bank
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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