In Sunday’s paper (Los Tiempos), there was an article that said Bolivia would be getting a new currency standard starting in 2010. Apparently the “new” constitution gives the president the unchallenged right to change the national currency? I’m going to have to pull out my Spanish dictionary for this one, or better yet I will consult our friend… who happens to be THE best authority on Bolivia’s constitutions… both old and “new”.

The headline read “… Estado Plurinacional”, which translates to “Multi-national State”. I must have missed the dissolution of Bolivia as an independent country [sarcasm].

I can’t help but believe that “they” will take this opportunity to artificially devalue the Dollar’s rate of exchange again. They are already artificially suppressing the dollar to a 7:1 exchange instead of the 8+:1 rate that it probably should be. sigh…

I’m surprised that I haven’t heard anything about this on the streets, but then the article was only published this past Sunday.

Regardless of how the country reacts to this change, we will continue to do the best we can with whatever is left after the exchange and changes. God is so good to provide!

No related posts.

Related posts brought to you by Yet Another Related Posts Plugin.