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Bolivia´s BCB praises measures to counter USD shortage

La Paz, Mar 4 (Prensa Latina) The Chair of the Central Bank of Bolivia (BCB) Edwin Rojas praised on Monday measures’ effectiveness agreed between the Government and the private sector on counteracting the lack of USD in the country.

Rojas assured that among measures stands out the sale of the “BCB in USD” bond, and warned that the sale of foreign currency in the market went down.

“Since the agreement was inked (…), what is noticed in all the follow-up mechanisms that at least BCB conducts, is that the exchange rate has been dropping significantly,” Rojas said at a press conference.

From the Casa de la Libertad in Sucre, Chuquisaca, Rojas considered that the situation is returning to the stability to which Bolivia has been recently used to.

Rojas insisted that the policies agreed upon by the Government and the business community ahead of shortage of USD had a positive impact.

Regarding BCB´s USD bond, he said that in the first four days of starting its sale the issuing entity placed US$1.6 billion bonds.