Bolivia Raises Dollar Import Limit to $50,000

Bolivia Relaxes Dollar Import Rules Amid Shortage Amid a growing shortage of US dollars in Bolivia, the Ministry of Economy announced a significant policy shift on Friday. The government has increased the threshold for travelers bringing dollars into the country without additional paperwork from \$10,000 to \$50,000. This move aims to ease the pressure on the country's foreign exchange reserves. "This measure is designed to incentivize the inflow of US dollars and stabilize the market," explained an unnamed official from the Ministry of Economy in a press briefing. The new regulation requires only the completion of a simple form, eliminating the previous bureaucratic hurdles. The decision comes as the Bolivian economy grapples with persistent inflation and a weakening currency. The increased dollar limit is seen as a temporary measure to address the immediate crisis. Economists remain divided on the long-term effectiveness of this approach, with some expressing concerns about potential inflationary pressures. The simplified process is expected to ease the burden on Bolivian citizens returning from abroad and could potentially stimulate economic activity. While the long-term solutions remain to be seen, this immediate adjustment provides a short-term relief to the ongoing dollar scarcity.