Bolivian bank move
NZPA La Paz Bolivia's private banks have decided to suspend all currency trading until the country's military rulers devise a sound economic programme. The Bolivian Private Banks’ .Association told a news conference yesterday that the country faced mounting uncertainty amid one of its worst economic crises. The dollar rate stood yesterday. at more than 280 pesos compared with 25. pesos a dollar in February. The bank association blamed the fall in value of the peso on “the lack of a sound economic policy?’ Bolivia, a leading world tin producer, has a ?U52.54 billion external debt and virtually no foreign currency reserves.
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Press, 4 September 1982, Page 9
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104Bolivian bank move Press, 4 September 1982, Page 9
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