Bolivia Moves to Flexible Exchange-Rate System After 15 Years

Bolivia has switched to a flexible exchange-rate system after 15 years of maintaining a fixed rate, aiming to bolster macroeconomic stability. This shift, announced by the Finance Ministry, is expected to provide more flexibility in managing the country's currency value, which could help mitigate economic shocks and improve overall economic resilience. The move reflects Bolivia's broader strategy to adapt its economic policies to contemporary global financial trends, potentially paving the way for more sustainable economic growth.