Bolivia could float its currency within days and sign an IMF deal soon after, a turning point in the new government's bid to end a deep dollar crisis.
Bolivia · Markets
Key Facts
—The timing. A Bolivian treasury official told investors the move to a floating exchange rate could happen as soon as this week.
—The sequence. The government expects to sign a financing deal with the International Monetary Fund only after the currency reform lands.
—The problem. Bolivia has run multiple exchange rates for years, with dollars on the street trading far above the long-fixed official rate.
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