Bolivia: A De-dolarizing Rumor

Alvaro Ruiz-Navajas publishes a rumor he received via email ^[1] that Bolivian President “Evo [Morales] will de-dolarize the Bolivian economy and turn all deposits held in American dollars (USD) to Bolivian Bolivianos (BOB) at an exchange rate of BOB5 per USD, effectively stealing 37% of the savings of people who hold their assets in USD.” Ruiz Navajas emphasizes that “the one that has to decide whether this is a malicious rumour or what is to come is you, the reader.”