Bolivia Central Bank Intervenes in Foreign Exchange Market

Bolivia's central bank has decided to intervene in the foreign exchange market to stabilize the currency, which has seen a significant drop since the country adopted a flexible FX regime last month.

The Bolivian Central Bank will buy and sell US dollars to prevent what President David Espinoza calls 'overreactions' without specifying rate limits.

The move comes after the currency sank 22% in value since the introduction of the new regime, which allows for greater flexibility in exchange rates.