Public savings exceed $ us 15.000 million for the first half (Official)

     La Paz, July 25 (ABI) -. At the end of the first half of this year, public savings in the domestic financial system accumulated 15.071 million dollars, mainly in multiple banks, according to data released by the Supervisory Authority of the Financial System (Safi).

     According to information from that entity, public deposits between January and June this year totaled 12.425 million dollars in multiple banks, 1.509 million in private financial funds, mutual funds and 466 million on $ 672 million in credit unions.

     Economy Minister Luis Arce said that over 77% of the deposits in the domestic financial system are located in Bolivia, due to the monetary policies they appreciated and stabilized the national currency over the dollar.

     "Today Bolivia enjoys this bolivianización that is most important, it allows the Central Bank of Bolivia have an active monetary policy in the stability of deposits," he said to the agency ABI.

     Arce said that the rise in deposits people respond to redistributive policies implemented by the Government since 2006, through constant wage increases, income and social bonds approved around the new community and productive social economic model.

     On 9 July, the Federal Government established by Presidential Decree, the national financial system must pay a minimum interest rate of 2% per annum to savers who have accounts under 70,000 bolivianos, under the new Financial Services Act .
mcr / ma ABI