Bolivia rules out currency devaluation
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Loading... - Adriana Mercado
- 03 Apr 2023
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The Bolivian Government emphasized this Sunday that it will not apply any devaluation of the Bolivian currency since, in its opinion, the economy and finances of the South American country enjoy stability and solidity.
The Minister of Economy and Finance, Marcelo Montenegro, stated this to the press, who reaffirmed this decision based on the policy of “Bolivianization of the national economy”.
Montenegro assured that the Bolivianization policy would be maintained because, in his opinion, it promotes the use of federal money rather than the US dollar in financial transactions.
“The national Government is not thinking of devaluing. The exchange rate will remain unchanged. In making the evaluations, we do not need to modify the exchange parity; we have stability. Therefore, we will follow the Bolivianization scheme”, said Montenegro.
For 12 years, the exchange rate has remained unchanged at Bs 6.86 for purchase and Bs 6.96 for sale per dollar. Read More..
