Bolivian official dollar rate drops 2.25% in ten days; parallel market follows

Bolivia's central bank (BCB) lowered its official dollar rate from Bs 12 to Bs 11.73 between October 1 and 10, a 2.25% decline, while the parallel market rate also fell, closing Friday below Monday's level. The move signals a managed devaluation or policy adjustment amid ongoing dollar scarcity and economic pressure. The parallel market's convergence suggests reduced premium, but sustainability and broader FX stability remain uncertain.