Key facts
- Bolivia is nearing an agreement with the IMF for a financing program.
- The deal is expected to be implemented after the country transitions to a floating exchange rate.
- This move will end Bolivia's 15-year-old dollar peg.
- Currency changes could be announced as soon as this week.
Bolivia has informed investors that it is close to finalizing a financing agreement with the International Monetary Fund (IMF). This potential deal is anticipated to be implemented following the country's transition to a floating exchange rate system, which will conclude a dollar peg that has been in place for over 15 years. Christian Morales, Bolivia’s deputy minister of Treasury and Public Credit, indicated that these currency changes could occur as early as the current week, according to individuals present at an investor call organized by an investment bank on Monday.