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Minister of Economy of Bolivia projects greater income of dollars between May and June from exports
Tuesday, May 21, 2024 - 18:00
Fuente: Reuters

“There is obviously an annoyance because these resources are not being delivered,” warned Minister Marcelo Montenegro, regarding the demand for dollars from the pharmaceutical sector.

    The Minister of Economy and Public Finance of Bolivia, Marcelo Montenegro, foresees an increase in the entry of dollars to the highland country between the end of May and June of this year. That, according to what he said, was due to the release of exports, after an agreement with the business sector.

    “At the end of May and in June, a greater amount of foreign currency resources will come in from exports, exports have been released and that is giving a good result and we are going to see it in a greater delivery of foreign currency,” he told reporters. in peace.

    Regarding the current amount of dollars in the country, the head of Economy stated that the Central Bank of Bolivia (BCB) “has captured, to date, US$ 58 million” (sic), through the sale of bonds in that currency. . Likewise, he said that private banking has US$ 452 million.

    He also addressed the demand for that currency by the pharmaceutical sector for the import of medicines and medical supplies. He stated that “there is a containment” in the delivery and that it was agreed with the Association of Private Banks of Bolivia (Asoban) that “there must be a greater inflow to these resources .

    “Then there is obviously an annoyance because these resources are not being delivered,” he warned .

    In recent days, Montenegro announced that the Bolivian Government will return 13% of each dollar that exporters prove to have entered the national financial system.

    “In these months, more dollars will enter, because many exporters are already making their sales abroad and that will surely also provide the financial system with more resources,” he added.

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