{"id":3135,"date":"2026-06-27T22:07:44","date_gmt":"2026-06-27T22:07:44","guid":{"rendered":"https:\/\/reliablemovingcrews.com\/?p=3135"},"modified":"2026-06-27T22:07:44","modified_gmt":"2026-06-27T22:07:44","slug":"bolivia-ends-15-year-dollar-peg-in-attempt-to-restore-economic-stability","status":"publish","type":"post","link":"https:\/\/reliablemovingcrews.com\/?p=3135","title":{"rendered":"Bolivia ends 15-year dollar peg in attempt to restore economic stability"},"content":{"rendered":"
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LA PAZ, June 26 (Reuters) – Bolivia will adopt a flexible exchange-rate system, the government said on Friday, effectively devaluing the \u200ccurrency by ending a 15-year dollar peg in a major policy shift aimed at restoring economic stability.<\/div>\n
Bolivia’s central bank will oversee the shift, as the government aims to “strengthen macroeconomic stability, preserve external competitiveness and contribute to the balance of payments equilibrium,” the economy \u200bministry said in a decree.<\/div>\n
The move is part of Bolivia’s broader effort to normalize currency markets \u200band boost investor confidence as Bolivia negotiates a financing program worth at least $2.5 billion with \u2060the International Monetary Fund and grapples with severe scarcity of dollars.<\/div>\n
Bolivia had kept its official exchange rate largely \u200bunchanged since 2011 at 6.86 bolivianos per dollar for purchases and 6.96 for sales. But falling foreign-exchange reserves and \u200bincreasing dollar shortages fueled the emergence of a parallel market, with the dollar at times trading near 20 bolivianos.<\/div>\n
More recently, the government has been using a reference rate of around 9.90 bolivianos per dollar, which accounts for most commercial and financial transactions.<\/div>\n
Shortly after \u200bthe decree, the central bank updated its website to show the official exchange rate at 9.73 bolivianos per \u200bdollar as of Monday, implying a loss of about 30% in the currency’s value from the previous buy rate.<\/div>\n
The IMF did \u200cnot \u2060immediately reply to a request for comment.<\/div>\n
The fund had advised Bolivia to end the currency peg in last year’s annual report. The government’s move will be seen as positive for Bolivia’s request for a fund-supported program expected to be for around $3 billion.<\/div>\n
Even so, Bolivia will still face challenges, said economist Gonzalo Chavez. “Once you have this, the important \u200bthing is to continue \u200bgetting dollars, to have \u2060international reserves in the central bank,” he told local radio.<\/div>\n
The prospect of the change, and Bolivia’s talks with the IMF, drew opposition from labor groups that since May \u200bhave blocked major roads in protest against President Rodrigo Paz’s government.<\/div>\n
One of the main \u200bgroups, the Bolivian \u2060Workers’ Central, demanded the government rule out IMF borrowing as a condition for lifting the blockades, out of concern that an IMF deal could lead to austerity measures. The government has argued that external financing is needed to rebuild \u2060reserves, stabilize \u200bpublic finances and facilitate the transition to the new exchange-rate regime.<\/div>\n
Paz \u200bdeclared a state of emergency last week, allowing security forces to clear roadblocks that had paralyzed the economy for nearly two months.<\/div>\n<\/div>\n

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Bolivia will adopt a flexible exchange-rate system, the government said on Friday, effectively devaluing the \u200ccurrency by ending a 15-year dollar peg in a major policy shift aimed at restoring economic stability.<\/p>\n","protected":false},"author":1,"featured_media":3134,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[63],"class_list":["post-3135","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-funds"],"yoast_head":"\nBolivia ends 15-year dollar peg in attempt to restore economic stability - Reliable Moving Crews<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/reliablemovingcrews.com\/?p=3135\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bolivia ends 15-year dollar peg in attempt to restore economic stability - 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