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Governor says intervention will occur during market overreactions and to accumulate reserves
The Central Bank of Bolivia
The Central Bank of Bolivia has said it will intervene in the foreign exchange market to stabilise the currency if necessary.
During a press conference on July 30, central bank president David Espinoza said the institution would be using a regulation that allows it to buy and sell dollars with the “aim of mitigating unwanted fluctuations in the exchange market and accumulating international reserves”.
He did not specify the level the boliviano would have to reach against the dollar before
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