This is the reason why the government has so far not pursued such cuts, despite the need to adjust the level of imports to the negative fact represented by the drop in foreign exchange earnings from exports since 2015, the year in which mobile phone number list the fall in international prices of raw materials. In the program that he presented for the elections on October 20, Morales acknowledges that the "change process" that he directs is being challenged by the current international economic turmoil, in particular by the fall in the prices of raw materials, and proposes measures that increase foreign exchange earnings, such as the expansion of tourism and electricity exports, and others that prevent foreign exchange outflows, such as "import substitution" by state-owned companies.
However, it is not clear how these ideas would be executed with the necessary urgency to avoid a crisis. In principle, if the new Bolivian government mobile phone number list did not take any action, the reserves would be reduced to a dangerous level for their financial support role in about three years or so. In such a case, a speculative attack could take place beforehand that would deplete them, generated by the psychology of the «flight to the dollar»... But it is very unlikely that the government will do nothing while watching the reserves being consumed.
It has several resources left to employ before mobile phone number list the situation gets out of control: it can obtain foreign exchange by increasing the country's foreign debt, which is still low (28% of reserves would be reduced to a dangerous level for its financial support role in about three years or so. In such a case, a speculative attack could take place mobile phone number list beforehand that would deplete them, generated by the psychology of the «flight to the dollar»... But it is very unlikely that the government will do nothing while watching the reserves being consumed.