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Bolivia Ends 15-Year Dollar Peg, Seeks IMF Deal

6/29/2026

Summary

Bolivia Floats Currency

Bolivia ended its 15-year dollar peg, adopting a flexible rate of 9.73 bolivianos per dollar.
The new rate implies roughly a 30 % depreciation from the previous 6.86 per dollar.
Finance Minister José Gabriel Espinoza said the change seeks macroeconomic stability and external competitiveness.
Bolivia is negotiating an IMF package of at least $2.5 billion amid labour protests over feared fiscal austerity and warnings that inflation could rise with import costs.

Summary

Paz Declares Emergency

President Rodrigo Paz declared a state of emergency last week, granting security forces powers to dismantle road blockades.
Security agencies began clearing blocked highways to restore trade routes after months of protests that paralyzed the economy.
The Bolivian Workers' Central demands abandoning IMF financing, while officials say the emergency is needed to stabilise the economy under a flexible exchange-rate regime.

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Bolivia Floats Currency

Bolivia ended its 15-year dollar peg, adopting a flexible rate of 9.73 bolivianos per dollar.
The new rate implies roughly a 30 % depreciation from the previous 6.86 per dollar.
Finance Minister José Gabriel Espinoza said the change seeks macroeconomic stability and external competitiveness.
Bolivia is negotiating an IMF package of at least $2.5 billion amid labour protests over feared fiscal austerity and warnings that inflation could rise with import costs.

1 / 2