Bolivian Central Bank’s president, Pablo Ramos, stated that the country’s international reserve fall because they are being use to face difficult times. The BCB’s international reserves reduced from $US10.2bn at the end of 2017 to $US8.6bn by the 26 October this year.
BCB’s decision to stop selling dollars through its windows will have a negative impact on people’s expectations
The sudden cancellation of the sale of US dollars through the BCB windows will stop the retail sales of the North American currency and will have a negative impact on the citizens’ expectation, said analyst José Gabriel Espinoza.
Acording the the president of the Bolivian Central Bank (BCB), Pablo Ramos, there will not be a devaluation in Bolivia because the exchange stability supported the positive economic growth in the country.
Acording to the Anti-corruption Prosecution Office, the transportation brand of the State Oil company, YPFB Transportation, has not been nationalised. Anti-corruption prosecutors reach to this conclusion three years after a trade union leader close the ruling MAS were accussed of improper use of state property.
There are currently 80 companies that finance their activities through the Bolivian Stock Exchange. The annual value traded on the BBC increased in the last four years from almost $US10 bn to $US12.8 bn.
The five main sugar mills of Santa Cruz produced at the end of the current harvest 10.7M quintals of sugar. With this production, the domestic consumption is guaranteed (8.5M quintals) and there is an excedent for export to other markets.
By June 2019, Incahuasi gas field in Bolivia will be producing 11M cubic metres per day, said Total E & P Bolivia´s CEO, Philippe Groueix.