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The Rio Times
The Rio Times
Americas · 2 hrs ago
Bolivia Is Ending Its Fixed Dollar Rate. Here Is Why It Matters
Markets Key Facts —The change. Bolivia plans to abandon its fixed exchange rate, frozen since 2011, and move to a market-determined floating system during 2026. —The old peg. The official rate has sat at about 6.96 bolivianos per dollar for 15 years, backed by reserves the country no longer has. —The gap. A parallel street […] The post Bolivia Is Ending Its Fixed Dollar Rate. Here Is Why It Matters appeared first on The Rio Times.
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