USD: Buying price is about 11.20 boule, selling price is 10.50 to 11.10 boule; union members are in a state of emergency

The price of the dollar on the parallel market continues to change. In Santa Cruz, users who arrive at Free Trader looking for currency are buying at a price of The exchange rate is 11.20 Bolivianos per US dollar, and the selling price (US dollar to Boliviano) is between 10.50 Bolivianos and 11.10 BolivianosIn some areas, such as Tarija, it is between 11 and 11.50 bolivianos. Of course, the currency supply on the Santa Cruz market is very small.

The country continues to be unsettled, a situation that has caused dissatisfaction among some sections of society, such as trade unionists. Businessmen have called on the government to control the situation.

Since last year, the Bolivian dollar has begun to appreciate. But as early as the first half of 2024, prices in the informal market began to rise, reaching On August 3, the price was as high as 15 bolivianos.

Then the price started to fall until it reached its lowest point last weekend, when it sold for 8 bolivianos. Free traders say demand for the currency has fallen. But now the price has recovered again.

As dollars became scarce among financial institutions, many turned to exchange houses and free traders, who sold the currency at a premium to the official exchange rate (6.86 to buy and 6.96 to sell).

In the Mutualista market area, the reference price for purchases is 11.20 bolivianos, that is, if a person wants dollars, he pays this price. This means that if you want $100, you have to pay 1,120 baht.

But if a person has US dollars and needs Bolivian bolivianos, money changers offer them between 10.50 and 11.10 bolivianos. For example, if someone needs to exchange 100 US dollars, they will receive 1,050 to 1,110 pesos.

In Tarija on Tuesday, the buying rate was 11.50 bolivianos and the selling rate was 11 bolivianos.

On social networks, groups from the city of La Paz offer the dollar at different prices between 10.20 and 11.50 bolivianos. In Cochabamba, prices continue to fluctuate in the same range.

In recent days, some industries have held demonstrations against the volatility of the currency price. In Cochabamba, merchants mobilized Street demands to control dollar sales in parallel market.

“This government is looking at us in a box and it’s not fair. We give this government 72 hours “So they can host us once and for all,” union leader Wagner Rosales said, according to Kandire Noticias.

Traders claim They don’t have the resources to buy new merchandise As a result, its sales have declined in recent months due to high prices.

Economist Germán Molina insists that the currency fluctuates greatly and its price varies from region to region. This is because some people who are dedicated to buying and selling, They adjust the price based on how much money is invested in acquiring the currency.

For exampleprices in some areas remain high Since many discretionary traders bought expensive dollars and did not want to sell the currency for less than their investment, different reference prices exist.