The Bolivian Stock Exchange (known in Spanish as Bolsa Boliviana de Valores or BBV) is a

stock exchange A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for ...

based in the city of

La Paz La Paz, officially Nuestra Señora de La Paz (Aymara language, Aymara: Chuqi Yapu ), is the seat of government of the Bolivia, Plurinational State of Bolivia. With 755,732 residents as of 2024, La Paz is the List of Bolivian cities by populati ...

Bolivia Bolivia, officially the Plurinational State of Bolivia, is a landlocked country located in central South America. The country features diverse geography, including vast Amazonian plains, tropical lowlands, mountains, the Gran Chaco Province, w ...

. The BBV began operations in 1989, offering trading in

equities Stocks (also capital stock, or sometimes interchangeably, shares) consist of all the shares by which ownership of a corporation or company is divided. A single share of the stock means fractional ownership of the corporation in proportion t ...

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gold Gold is a chemical element; it has chemical symbol Au (from Latin ) and atomic number 79. In its pure form, it is a brightness, bright, slightly orange-yellow, dense, soft, malleable, and ductile metal. Chemically, gold is a transition metal ...

, and local

commodities In economics, a commodity is an economic good, usually a resource, that specifically has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them. Th ...

History

The founders of the Bolivian Stock Exchange included Ernesto Wende, Oscar Parada, Gastón Guillén, Gastón Mujía, José Crespo, Luis Ergueta, and Chirveches. The President of the Confederation of Private Employers of Bolivia (CEPB), Marcelo Pérez Monasterios (later the Bolivian ambassador to the United Kingdom), called for a meeting to designate a commission to help establish the stock exchange, and the project launched on April 19, 1979, under the name Bolsa Boliviana de Valores (Bolivian Stock Exchange). The BBV began with $B1,420,000 (Bolivian weight, valid legal tender until 1987) in capital and with 71 shareholders. Upon establishment, the entity's first General Board of Shareholders approved statutes of the society and appointed Don Ernesto Wende Frankel as its first director. The board was responsible for executing the necessary formalities to obtain legal status, including approval of the statutes from the National Commission of Values, in compliance with the Code of Trade. Between 1982 and 1985, economic conditions were not conducive to activation of trading on the Bolivian Stock Exchange.

was fiscally weak and filled with hyperinflation, which added to demands for price stability. A process was established to improve the country's economic situation, seeking to achieve stabilization and economic deflation. With improved economic conditions in 1989, a

USAID The United States Agency for International Development (USAID) is an agency of the United States government that has been responsible for administering civilian United States foreign aid, foreign aid and development assistance. Established in 19 ...

program was initiated to support the

stock market A stock market, equity market, or share market is the aggregation of buyers and sellers of stocks (also called shares), which represent ownership claims on businesses; these may include ''securities'' listed on a public stock exchange a ...

. It extended to the National Commission of Values and to the Bolivian Stock Exchange, and it also enabled qualification of

intermediaries An intermediary, also known as a middleman or go-between, is defined differently by context. In law or diplomacy, an intermediary is a third party who offers intermediation services between two parties. In trade or barter, an intermediary acts ...

, preparation of regulations, and operational preparation of the market. On October 20, 1989, the Bolsa Boliviana de Valores initiated official activities.

Organization

The Bolivian Stock Exchange is organized in the following structure: * Director * Fulfillment Official and Fulfillment Analyst * External Legal Adviser * General management * Office of Management * Sub-General Management * Official of Information Security * Leadership of Administration of Projects * 7 Managements: General Management - Management of Markets – Management of Supervision and Analysis – Management of Development and Information – Management of Legal Subjects – Management of Information Technology – Management of Administration and Finances. * 10 Area Leadership positions

Laws surrounding at BSE

From 1989, with the start of operations of the Bolivian Stock Exchange, the Bolivian financial system initiated a period of important transformations which deepened during the 1990s, with the promulgation of the Law of Banks and Financial Entities (1993), the Law of the

Central Bank of Bolivia The Central Bank of Bolivia () is the central bank of Bolivia, responsible for monetary policy and the issuance of banknotes. The current president of the BCB is . History The bank was established by Law 632, passed on July 20, 1928. On April ...

(1995), the Law of Pensions (1996), the Law of the Stock Market (1998), and the Law of Insurance (1998).

Sectors currently traded at BSE

Stocks in the following sectors are traded on the Bolivian Stock Exchange: Sectores participantes

* Agro-industry * Cooperative * Banks * Electrical * Trade * Industrial * Oil * Safe * Services * Financial services * Transport * Municipality

References

{{DEFAULTSORT:Bolivian Stock Exchange Economy of Bolivia Financial services companies established in 1976 Stock exchanges in South America 1989 establishments in Bolivia