Bolivia Confirms Sufficient Dollar Reserves to Support Flexible Exchange Rate and Repayment Plan

Presidential spokesperson José Luis Gálvez told the public that the government's shift to a flexible exchange rate is backed by adequate dollar reserves. He said the reserves are enough to sustain the current exchange‑rate position and to meet the scheduled dollar repayments to savers, with the next tranche due on 15 July for amounts ranging between $1,001 and $3,000 per holder.

Gálvez referenced a May bond placement that raised $1 billion, adding that the funds from that operation, together with the central bank’s reported $3.774 billion in international reserves (including $712 million in foreign currency), provide the certainty needed to honour the repayment schedule and restore confidence in the financial system. He emphasized that the flexible rate is intended to bring order and certainty to the economy without generating inflationary pressure.