Tuesday, December 15, 2009

Chart of the day is....

....the state of bank deposits in Bolivia.

Just to show you another facet of the economic maturity in Bolivia. So the amount of money in bank deposits has doubled in less than three years, but that's not all, folks. Back there in December 2006, a mere 26% of the deposits were made in the national currency (Bolivian Peso) and the vast majority of the rest in US Dollars.

Today, 46% of deposits are in Bolivian Pesos. But for some idiots, cutting the dependency of foreign currency and the growing confidence in local coin "isn't all it's cracked up to be", either.