Bolivia’s central bank said it will sell dollars to financial institutions from
Wednesday to stabilize the currency, which has depreciated more than 20% since
the move to a flexible exchange rate on June 29. The bank said the measure aims
to curb excessive FX volatility inconsistent with economic fundamentals but did
not specify the sale rate. Bolivia holds about $1 billion in liquid reserves and
expects nearly $2 billion in IMF lending over the coming years.
