Tuesday, December 22, 2009

chart of the day is....

....pretty wonky, as it's the three Bolivian monetary aggregates as a proportion to country international currency reserves, 2006 to date.

Just to show it works for all three of 'em, not just M2 (though M2 is still the best gauge, I'd venture). By the way, the official set forex of the Bolivian Peso is 6.97 the buy, 7.07 the sell. When compared to M2 it's a good value currency.

By the way, if you don't understand the significance of this chart, don't bother opening your mouth and voicing an opinion on Bolivia's economy. Like ever, dude.