Bolivian Parallel Dollar's Wild Ride: Expert Warns of Unpredictability

Bolivia's Parallel Dollar: A Day of Volatility Santa Cruz, Bolivia – The price of the parallel dollar in Bolivia experienced significant fluctuations on Thursday, May 15th, 2025, according to a report from eju.tv. Economist José Gabriel Espinoza, appearing on the La Hora Pico radio program, highlighted the unpredictable nature of the market. "Nadie puede garantizar el precio del dólar paralelo," Espinoza stated, emphasizing the difficulty of predicting its value. Espinoza explained that even minute-to-minute tracking wouldn't guarantee accurate predictions. He used the example of the dollar's price starting around 20 Bolivianos in the morning, stabilizing near 17 Bolivianos later in the day. While this represented a decrease, Espinoza noted that the average daily price was still higher than in previous days, indicating a broader upward trend. The volatility underscores the challenges faced by Bolivians navigating the informal currency market. Espinoza's comments provide valuable insight into the complexities of the situation and the uncertainty surrounding future price movements. Further research into the underlying economic factors driving these fluctuations would be beneficial.