Bolivia's peso breaks past 11 per dollar as IMF deal nears
Bolivia's newly floated currency has weakened past 11 bolivianos per US dollar, a fresh low since the government scrapped its 15-year currency peg in June. Economy Minister Gabriel Espinoza said Bolivia is closing in on an IMF programme to stabilize the economy.
Bolivia's currency continued its slide this week, with the floating exchange rate weakening past 11 bolivianos per US dollar for the first time — a fresh low since the government abandoned its long-standing currency peg.
The 15-year fixed exchange rate ended in late June 2026 through Ministerial Resolution 245, a policy shift that followed years of dwindling dollar reserves. Economy Minister Gabriel Espinoza said on 22 July that Bolivia is nearing an agreement with the International Monetary Fund, a programme officials hope will help stabilize the economy during the transition.
The currency's continued weakness highlights the pressure facing policymakers as they navigate life without the old peg. Markets are now watching the pace of the IMF talks closely, with an agreement seen as a key signal of whether Bolivia can steady its finances before the exchange rate slides further.
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