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Opening value of the euro in Bolivia this January 13 from EUR to BOB

The value of the euro in the country is generally stable.  (Infobae)
The value of the euro in the country is generally stable. (Infobae)

The euro paid at the beginning of the day 7.38 bolivianos on averagewhich represented a change of 2.12% compared to the figure of the previous day, which was 7.23 bolivianos on average.

Taking into account the last seven days, the euro mark a rise in 1.79%; On the contrary, in the last year it still maintains a decrease in 1.38%.

Analyzing this data with that of previous days, he chains four sessions in a row in positive values. The volatility referring to the last week is notoriously higher than that accumulated in the last year, presenting itself as an asset with greater variations than expected.

The challenges of the Bolivian

The Boliviano is the legal tender of Bolivia since 1987 and is divided into 100 cents, formerly the Bolivian peso was used but it was replaced. The Central Bank of Bolivia is the body in charge of regulating the issuance of currency.

Today there are coins in circulation . In 1988, one boliviano was equal to one US dollar.

Regarding manufacturing, the Bolivian currency stopped its minting and printing during the colonial era due to a lack of political interest, which would eventually cause the coins and banknotes were created abroad for the low price that this implies. In 2013 they were still manufactured in countries such as the United Kingdom, France and Chile.

Regarding the economy, in 2014 Bolivia resorted to high public spending and a growing domestic credit to maintain its growth, but these measures resulted in an increase in public debt and a reduction in international reserves.

As in other countries, the coronavirus pandemic It severely affected the Bolivian economy, although inflation was not as high as in other Latin American nations.

In 2022 Bolivia stood out for having a lower inflation rate than its neighboring countries, this partly as a response to fuel price subsidies and the fixed exchange rate of the dollar with respect to the local currency; however, it has had to face a loss of international reserves and increased indebtedness.

Bolivia is also facing global efforts to move to clean energy, so these conditions will push one of the biggest gas-exporting countries to look for alternatives this year.

The latest forecast made by the Economic Commission for Latin America and the Caribbean (Cepal) at the end of last year, by 2023 a setback or exhaustion of the rebound effect is expected in recovery.

For this year, only 1.3% growth is expected for the region, as result of restrictive monetary policiesgreater limitations on fiscal spending, lower levels of consumption and investment, little capacity to contain inflation and more.

According to ECLAC forecastsMexico would have a growth of 1.1% by 2023.

These will be the estimated growths for these nations of South America in 2023: Argentina (1%), Bolivia (3%), Brazil (1%); Chile (-0.9); Colombia (1.9%); Ecuador (2%); Paraguay (4%); Peru (2.2%); Uruguay (3%); Venezuela (5%).

For the area of Central America we have: Costa Rica (2.8%), Cuba (1.8%); El Salvador (1.9%); Guatemala (3.3%); Haiti (0%); Honduras (3.3%); Nicaragua (2.1%); Panama (4.2%); and the Dominican Republic (4.7%).

Finally, the region of Caribbean, the following growth is expected: Antigua and Barbuda (7.8%); Bahamas (4.1%); Barbados (3.5%); Belize (2.0); Dominican (3.5%); Grenada (3.6%); Jamaican (3%); Saint Vincent and the Grenadines (3.7%); Saint Lucia (5.9%); Suriname (2.4%); Trinidad and Tobago (2%).

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