Bolivia abandons 15-year dollar peg. Boliviano set for 30% free float plunge.
The immediate read-through for emerging market FX is a reminder that managed pegs under reserve stress are a slow-motion event until they are not. Bolivia’s parallel market had already been pricing the boliviano near 20 per dollar at its most distorted, so the formal float to around 9.73 represents a partial catch-up rather than a















