Bolivia, a surplus in trade balance as of June has been achieved

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*Despite various pressures to raise domestic prices, inflation is under control *The political opposition denounces economic crisis *The speculation in the dollar and fuel prices are intended to provoke a general price increase *A dollar currency shortage has caused the appearance of a parallel market where it is sold twice the official rate *The government has denounced a persistent opposition campaign to destabilize the economy

Transcript

00:00In Bolivia, in the first half of the year, some economic indicators are beginning to

00:04recover despite the pressure and campaigns of the political opposition to increase the

00:08sense of crisis and the financial system is already being pointed out as one of the pillars

00:12of the speculation process caused by the shortages and the increase in the value of the dollar.

00:17Correspondent Freddy Morales with the details.

00:20Bolivia achieved a surplus in its trade balance as of June, the sixth month of the year.

00:26We recorded a positive trade balance, being this one registered as of June $155 million,

00:37being the highest of the 2020 for administration and reducing to a great extent the accumulated

00:43deficit, which reached at some point more than $400 million this year, but at this moment

00:49it is $272 million.

00:54And despite various pressures to raise domestic prices, including persistent road blockades,

00:59inflation is still under control.

01:04We registered a monthly inflation rate of 0.47% and a cumulative inflation rate of 2.98%

01:11for the year.

01:13Which were the most inflationary products?

01:16In this case, interdepartmental transportation, buses and fleets as a result of the blockades

01:22and conflicts that occurred during the month of July.

01:25The political opposition denounces economic crisis due to the shortage of dollars and

01:31fuel.

01:32In Bolivia, what is happening is the phenomenon of the neighborhood, that the grocer comes

01:37out and says, tomorrow there is no bread and everybody goes to buy bread and everybody

01:41buys 20, 30, 40 loaves, but those who didn't make it are not going to buy bread and are

01:46going to say, no, there is no bread in Bolivia.

01:51The speculation in the dollar and fuel prices are intended to provoke a general price increase,

01:56but some positive indicators are still being maintained.

02:00The profits of the financial system in June grew by 15%, 883 billion Bolivians, in dollars

02:08that is $1.2 billion in profits in the financial system.

02:12What country that is in crisis has profits in its financial system?

02:16What country that is in crisis can pay its foreign debt in a timely manner?

02:20Which country in crisis can generate new alternative markets?

02:24The central bank has insisted that it provokes official dollars to the financial system,

02:29but there is still a shortage of that currency, which has caused the appearance of a parallel

02:34market where it is sold at double the official rate, and that is the reference for the rest

02:40of the prices.

02:41We have obtained a surplus in the trade balance, but the dollars that have come and have disappeared

02:48in the market by magic.

02:51We have to see and also follow up on who is taking out the dollars, who is doing it, what

02:57are the agreements with the banks, because that is where the speculation comes from,

03:01let's be honest, it's not from the street, it is from the banks.

03:07The government has denounced a persistent opposition campaign to destabilize the economy

03:11that began more than a year ago, with a shortage of dollars, to which was entered the excess

03:17demand for fuels, 60% of which are imported with dollars, while the legislative assembly

03:23keeps frozen more than $1 billion in foreign loans that could alleviate the situation.

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