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February 14, 2023
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Central Bank buys $4.4 million from exporters five days after launching the offer

Central Bank buys $4.4 million from exporters five days after launching the offer

February 14, 2023, 4:47 PM

February 14, 2023, 4:47 PM

The Central Bank of Bolivia (BCB) announced the purchase of $4.4 million from three exporting companies, five days after announcing the measure. Three national private companies today became the first to completed the liquidation of their exports through four transactions, for a total of $us 4.4 million, within the framework of the contract signed by the Bank Central de Bolivia (BCB) and Banco Union SA

The incentive to the export sector, allows them to access a competitive and stable exchange rate of Bs 6.95. EL DEBER made a tour yesterday in the exchange houses of Santa Cruz and showed that the scale changes even at Bs 6.97 when it is intended to change more than $us 1,000.

On February 8 of this year, the BCB and Banco Unión signed a contract that also allows private exporters to carry out all their settlements in a single financial entity, regardless of the amount; while the accreditation of their resources in their accounts is done on the same day.

Another benefit to which the companies that carried out their export liquidation on this day agreed, is that they will not incur any financial cost when moving their money from Banco Unión SA to other banks, as they currently pay for high-value transactions. , according to the information sent by the BCB:

In this way, after the socialization carried out with the different chambers of exporters in the country, the measure launched by the BCB through Banco Unión SA, designed to prop up and give continuity to the rate of exports achieved in the last two years, has been successfully materializing. gestiones, which in 2022 recorded a record figure of $us13,653 million; and contribute to the policies of reactivation of
the economy, job creation and economic growth of the central government.

In statements to EL DEBER, Edwin Rojas, president of the Central Bank, confirmed that the currencies will go to the net international reserves that as of January 24 are at $620 million.

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