About this work
Bloomberg Línea reports that Bolivia lifted restrictions on credit and debit cards for international payments, with transactions at the central bank's reference exchange rate. Jonathan Fortun of the IIF said the move is a contained, administered relief rather than a full liberalization or exchange rate unification. He read it as an exchange rate confession, arguing the government is gradually acknowledging a devaluation that has in effect already happened, and that average card transactions stay modest, under US$100.