Bolivia Eliminates Financial Transaction Tax on Dollars in Bid to End Foreign Currency Crisis

Key Points — Bolivia’s Senate approved the elimination of the ITF — a 0.3% tax on all dollar transactions in the banking system — in a bipartisan vote aimed at drawing foreign currency back into formal financial channels — The tax, in place since 2006, was charged on both deposits and withdrawals in dollars, effectively […] The post Bolivia Eliminates Financial Transaction Tax on Dollars in Bid to End Foreign Currency Crisis appeared first on The Rio Times .

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