Surge in Digital Dollar Price Shakes Bolivia's Parallel Market

The rising price of digital dollars in Bolivia's parallel market is causing concern among consumers. Economist Juan Fernando Subirana attributes the increase to large-scale nocturnal purchases, impacting market liquidity. He explains that the USDT (Tether), a digital dollar, differs from physical dollars in its near-instant availability, impacting the price. "The difference between the two is the almost immediate availability in the case of the digital dollar," Subirana states. This volatility directly affects prices across various sectors, not just food, impacting Bolivian household purchasing power. The situation highlights the need for increased economic transparency and stability in Bolivia.