Bolivia: opening rate of the dollar today February 14 from USD to BOB

After the opening of the markets, the American dollar is listed at the start of today at 6.86 bolivianos on averagewhich represented a variation of 2.07% from the value of the previous session, when it closed with an average of 6.72 bolivianos.

Considering the last seven days, the American dollar recorded an increase of 2.06% and from one year to the next, it always maintains an increase of 0.88%.

Regarding the variations of this day compared to the past days, it transforms the data of the previous day in which it experienced a decline of 1.96%, being unable to establish a definite trend in recent days. The volatility figure shows a performance that is notoriously higher than the volatility shown in last year’s data, which shows that it shows larger changes than the general trend of the value.

Bolivia’s challenges

He Boliviano is legal tender of Bolivia since 1987 and is divided into 100 cents, formerly the Bolivian peso was used but it has been replaced. The Central Bank of Bolivia is the body responsible for regulating the issuance of currency.

Today there are coins in circulation . In 1988, one boliviano was equivalent to one US dollar.

As for the creation, the Bolivian currency stopped its minting and printing in colonial times due to a lack of political interest, which will eventually cause coins and banknotes were produced overseas for the small price that implies. In 2013, they were still being made in countries like the UK, France, and Chile.

Concerning the economy, in 2014 Bolivia has resorted to high public spending and growing domestic credit to sustain growth, but these decisions have resulted in rising public debt and shrinking international reserves.

As everywhere in the world, the corona virus pandemic This severely affected the Bolivian economy, although inflation was not as high as in other Latin American countries.

In 2022, Bolivia stood out for having a lower inflation rate than its neighboring countries, this partly in response to fuel price subsidies and the fixed exchange rate of the dollar against the local currency; however, it faced a loss of international reserves and increased indebtedness.

Bolivia also faces global efforts to switch to clean energy, so these conditions will push one of the biggest gas-exporting countries to look for alternatives this year.

The latest forecast made by the Economic Commission for Latin America and the Caribbean (Cepal) at the end of last year, by 2023, a decline or exhaustion of the rebound effect is expected in recovery.

For this year, only 1.3% growth is expected for the region, because result of restrictive monetary policiesgreater limitations on budget spending, lower levels of consumption and investment, weak ability to contain inflation and more.

According to ECLAC forecastsMexico would grow by 1.1% by 2023.

These will be the estimated growths for these nations of South America in 2023: Argentina (1%), Bolivia (3%), Brazil (1%); Chile (-0.9); Colombia (1.9%); Ecuador (2%); Paraguay (4%); Peru (2.2%); Uruguay (3%); Venezuela (5%).

For the domain of central America we have: Costa Rica (2.8%), Cuba (1.8%); El Salvador (1.9%); Guatemala (3.3%); Haiti (0%); Honduras (3.3%); Nicaragua (2.1%); Panama (4.2%); and the Dominican Republic (4.7%).

Finally, the region of Caribbean, the following growth is expected: Antigua and Barbuda (7.8%); Bahamas (4.1%); Barbados (3.5%); Belize (2.0); Dominican (3.5%); Pomegranate (3.6%); Jamaican (3%); Saint Vincent and the Grenadines (3.7%); Saint Lucia (5.9%); Suriname (2.4%); Trinidad and Tobago (2%).