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 rate had climbed far above the official one, exposing how overvalued the peg had become.
—The author. The shift is part of President Rodrigo Paz’s push to fix the worst economic crisis in a generation.
