Bolivia's central bank shifts to weighted median, official dollar rate drops to Bs 12.05

The Banco Central de Bolivia (BCB) changed its methodology for setting the official exchange rate, adopting a weighted median, which lowered the rate from Bs 12.22 to Bs 12.05, effective Saturday to Monday. This marks a notable policy shift in how the central bank manages the currency, potentially signaling an attempt to align the official rate closer to market realities. The move could affect trade, inflation expectations, and dollar liquidity in Bolivia.