Bolivia ended its 15-year dollar peg by decree on June 26, moving to a flexible rate and devaluing the boliviano about 30 percent amid IMF financing talks.
Key Facts
—The decree. Bolivia’s economy ministry ended the country’s dollar peg on Friday, June 26, adopting a flexible exchange rate.
—The history. The official rate had been fixed near 6.96 per dollar since 2011, one of the region’s longest pegs.
—The new rate. The central bank’s official rate moved to 9.73 bolivianos per dollar, a fall of about 30%.
—The backdrop. Dollar shortages had pushed the parallel rate near 20, draining reserves to under two billion dollars.
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