Banco Central De Bolivia (Bolivia)

The Central Bank of Bolivia (BCB) was established on July 20, 1928, in a context in which it was urgent to organize and stabilize the national monetary system. Its creation responded to the need to ensure the stability of the boliviano, the country's currency, and to consolidate the Bolivian financial system. Throughout the 20th century, the BCB operated with a considerable level of autonomy, flexibly facing various difficult economic scenarios, such as high inflation, structural reforms and financial crises in the region. In recent times, however, the institution has faced significant challenges. Increased government spending, falling export revenues and heavy reliance on international reserves to maintain a fixed exchange rate have raised doubts about its ability to preserve monetary stability.