Bolivia's Parallel Dollar Market Shows Signs of Continued Decline

Bolivia's Parallel Dollar Market Sees Potential Continued Decline: Economist's Analysis LA PAZ, BOLIVIA – The Bolivian parallel market for US dollars may see a continued decline, according to a recent analysis by economist Martín Moreira. Moreira, speaking in an interview with Bolivia TV, attributed this potential trend to several factors. He highlighted a growing sense of certainty among the public, suggesting that this confidence is influencing exchange rates. He also pointed to government interventions as playing a role in stabilizing the market. "When you see such a substantial drop, as in the case of the dollar," Moreira stated, "it means people have greater certainty." He also noted that the determination of the USD exchange rate has reduced the dollar's value in the black market. However, Moreira cautioned that other factors, such as international currency flows and the ongoing revaluation of the Bolivian currency, continue to influence the market. He also emphasized the importance of the Bolivian government's focus on bolstering the national currency. Moreira's comments offer a nuanced perspective on the complex interplay of factors affecting Bolivia's economy and its currency exchange rates.