Bolivia’s central bank’s new USD-denominated bond attracted a modest USD 68,000 on its first day. This bond initiative is part of the BCB’s strategy to tap into domestic savings to replenish its diminished FX reserves. Despite the central bank’s goal to draw USD 100 mln from an estimated USD 10 bln held by locals outside the banking system, the initial response has been underwhelming. The bond offering, which will continue until the end of August, is viewed with skepticism regarding its potential impact on boosting the FX reserves, especially considering the central bank’s significantly weakened balance sheet.