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 th ...

based in the city of

La Paz La Paz (), officially known as Nuestra Señora de La Paz (Spanish pronunciation: ), is the seat of government of the Bolivia, Plurinational State of Bolivia. With an estimated 816,044 residents as of 2020, La Paz is the List of Bolivian cities ...

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. Which began operation in 1989, the exchange offers trading of

equities In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a company ...

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, and local commodities.

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

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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, as ...

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

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, 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

The Bolivian stock market

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

Sectors that contribute in stock exchange

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 Financial services companies established in 1976 Stock exchanges in South America