Download - Base Monetaria Udape Emi Al 2009 Clase Viernes

c040101CAPTULO IV Sector Monetario y FinancieroCUADRO No. 4.1.1

BASE MONETARIA POR ORIGEN Y DESTINO(En Miles de Bolivianos)

BASE MONETARIAO R I G E N D E S T I N O

Saldos aRESERVASCRED. NETOCRDITOCLB yOTRAS BILL. Y MON.RESERVASfin de :INTERNAC.AL SECTORASRD (1)CUENTASEN PODERBANCARIASNETASPBLICOBANCOSNETASDEL PBLICO

1980 Enero(1.01)8.313.01(0.98)9.336.542.79 Febrero(0.87)9.242.97(1.59)9.757.022.73 Marzo(1.41)10.333.36(1.57)10.716.993.71 Abril(2.47)11.563.52(1.76)10.857.313.54 Mayo(3.01)12.443.59(1.68)11.357.723.63 Junio(1.94)11.933.57(1.44)12.128.473.65 Julio(1.12)11.513.81(1.43)12.788.963.82 Agosto(2.36)13.313.91(1.31)13.559.294.25 Septiembre(0.14)10.573.93(0.89)13.478.914.56 Octubre(0.86)11.223.97(1.00)13.339.034.31 Noviembre(1.00)11.333.98(1.27)13.048.784.26 Diciembre(2.49)12.573.98(0.32)13.749.464.28PROMEDIO-1.5611.193.63-1.2712.008.213.79

1981 Enero(0.65)10.234.08(0.99)12.678.524.15 Febrero(1.46)11.074.08(1.14)12.558.484.07 Marzo(3.06)11.674.11(0.55)12.188.014.17 Abril(3.00)11.724.17(0.45)12.448.324.12 Mayo(4.17)12.024.49(0.27)12.088.103.98 Junio(4.85)12.814.77(0.99)11.748.213.53 Julio(5.92)14.385.32(0.94)12.848.893.95 Agosto(5.34)14.685.37(1.02)13.688.934.75 Septiembre(5.01)15.015.55(1.15)14.399.185.21 Octubre(6.48)15.805.30(0.63)14.009.394.61 Noviembre(7.52)16.815.40(0.20)14.499.295.20 Diciembre(6.39)16.054.771.7616.2010.855.34PROMEDIO-4.4913.524.78-0.5513.278.854.42

1982 Enero(7.51)17.584.471.1615.7010.245.46 Febrero(9.89)14.415.307.8917.7211.066.66 Marzo(10.50)15.233.9310.4419.1112.276.83 Abril(12.02)15.205.1412.3520.6714.066.61 Mayo(12.62)27.025.143.1722.7115.886.83 Junio(9.90)19.055.5111.6026.2717.239.04 Julio(7.70)21.675.859.3929.2121.857.36 Agosto(6.42)27.777.455.1333.9323.7110.22 Septiembre(2.88)31.547.920.9737.5627.699.87 Octubre(14.14)39.968.578.9843.3732.4610.91 Noviembre(73.01)20.2419.2484.6251.0932.7518.34 Diciembre(67.21)81.4621.0428.4363.7338.9024.83PROMEDIO-19.4827.608.3015.3531.7621.5110.25

1983 Enero(8.84)89.2421.90(37.59)64.7236.0128.72 Febrero(10.66)93.1421.92(36.53)67.8839.8828.00 Marzo13.0879.2323.38(41.16)74.5346.6427.89 Abril12.4495.2723.71(51.14)80.2750.8829.39 Mayo21.37102.0024.52(60.41)87.4852.9234.56 Junio10.91101.4625.25(40.88)96.7556.2940.45 Julio12.05110.3229.16(44.34)107.2062.3944.81 Agosto12.34116.7728.84(41.92)116.0363.1852.85 Septiembre9.90125.3827.70(39.96)123.0268.7854.25 Octubre4.91139.1428.01(38.86)133.2174.5658.65 Noviembre(11.97)39.2641.5974.51143.3884.5058.88 Diciembre(35.35)275.8154.05(99.67)194.84124.7670.08PROMEDIO2.51113.9229.17-38.16107.4463.4044.04Contina...CAPTULO IV Sector Monetario y FinancieroCUADRO No. 4.1.1




1984 Enero(24.37)279.7555.84(105.91)205.32129.7775.55 Febrero(34.35)287.2163.65(97.37)219.14121.3297.82 Marzo13.39323.9065.47(153.13)249.63177.5972.04 Abril39.05(37.86)127.40159.95288.53210.9877.56 Mayo(8.99)19.53159.00175.24344.78262.1682.62 Junio97.42(146.95)180.75318.17449.39342.35107.04 Julio183.49(59.25)221.00313.47658.71476.17182.54 Agosto119.78160.76264.70266.72811.95556.70255.25 Septiembre152.35195.43325.06261.89934.72696.22238.51 Octubre147.40267.49436.51336.991,188.391,019.54168.85 Noviembre667.39(1,762.19)668.491,918.001,491.681,254.52237.16 Diciembre649.902,926.47981.08(1,212.79)3,344.662,870.91473.75PROMEDIO166.87204.52295.74181.77848.91676.52172.39

1985 Enero7222,8251,042(19)4,5704,028541 Febrero4,860(8,046)3,1496,4126,3755,394981 Marzo4,210(5,355)3,5036,7259,0847,9581,126 Abril3,426(2,155)4,1087,65613,03611,0981,938 Mayo5,070(3,325)6,16613,58921,50018,9522,548 Junio3,3662,3397,48415,36828,55824,1234,435 Julio1,68818,12710,85214,37545,04241,5473,495 Agosto4,08742,63414,62315,15976,50266,11810,384 Septiembre136,351(334,763)84,714225,444111,74689,41122,335 Octubre213,275(363,752)88,643190,384128,550117,46911,081 Noviembre237,555(621,871)114,443397,962128,090120,2897,801 Diciembre151,560(205,632)129,854125,411201,193173,81927,373PROMEDIO63,848-123,24839,04884,87264,52056,6847,837

1986 Enero268,136(210,666)136,407(23,473)170,404156,37314,031 Febrero295,025(238,435)140,673(6,980)190,283162,03428,249 Marzo321,587(293,159)149,54419,171197,143158,33838,804 Abril361,440(391,620)144,090104,360218,270175,97042,300 Mayo344,790(420,190)157,160157,030238,790192,69046,100 Junio377,487(474,775)187,949151,215241,875199,96841,907 Julio506,095(488,030)220,59123,072261,728207,51354,215 Agosto531,044(532,577)234,14628,530261,144211,24049,904 Septiembre599,667(610,741)234,82163,885287,631213,79673,835 Octubre647,370(616,423)231,29350,478312,718245,86966,849 Noviembre651,390(629,653)291,27541,256354,268262,33291,936 Diciembre474,406(504,882)358,80755,834384,165294,37389,793PROMEDIO448,203-450,929207,23055,365259,868206,70853,160

1987 Enero449,161(537,105)370,750078,953361,759259,630102,129 Febrero497,647(548,893)379,599067,028395,381297,54297,839 Marzo473,686(575,894)392,227096,920386,939283,778103,161 Abril440,891(564,119)397,0140139,911413,696303,506110,190 Mayo396,616(559,769)409,3940179,750425,991308,593117,398 Junio352,078(476,496)425,4810135,810436,873301,948134,926 Julio299,398(490,077)450,2810222,680482,281313,704168,578 Agosto267,683(509,880)475,4510234,015467,268320,751146,517 Septiembre449,396(518,089)483,726068,675483,708337,320146,388 Octubre472,671(507,180)482,325054,064501,880356,392145,488 Noviembre458,396(570,984)532,6690107,637527,718343,950183,769 Diciembre418,169(393,040)541,37814,365(33,034)519,108397,498121,610PROMEDIO414,649-520,961445,0251,197112,701450,217318,718131,499Contina...CAPTULO IV Sector Monetario y FinancieroCUADRO No. 4.1.1




1988 Enero323,011(573,670)600,12244,567188,860493,757346,425147,332 Febrero359,419(612,286)613,42762,624191,931489,866330,928158,938 Marzo332,712(615,865)632,74981,044235,728504,280350,353153,927 Abril327,115(662,523)676,29685,315259,525515,097356,906158,192 Mayo326,123(675,166)701,19787,242258,457523,368350,956172,413 Junio449,166(790,849)751,03684,969226,260550,644368,026182,618 Julio477,649(826,023)764,52295,273240,809561,684374,552187,132 Agosto423,648(771,040)781,259127,673282,792588,987370,859218,128 Septiembre487,554(841,906)801,162139,824267,091574,078379,560194,517 Octubre431,009(774,672)788,667144,705304,555604,853407,860196,993 Noviembre436,295(835,197)821,773151,725340,133611,279404,808206,471 Diciembre397,531(130,072)827,075181,764(219,617)693,153526,082167,071PROMEDIO397,603-675,772729,941107,227214,710559,254380,610178,644

1989 Enero257,696(94,132)861,774232,640(194,136)598,562422,775175,787 Febrero133,2291,543902,435267,456(176,694)593,057421,088171,969 Marzo82,85851,746930,868180,985(213,964)670,523437,076233,447 Abril34,48861,612989,004168,811(211,307)704,986459,498245,488 Mayo(41,585)113,4391,038,349180,295(251,350)678,558432,522246,036 Junio(75,021)173,9221,086,310175,158(324,094)685,959450,375235,584 Julio(167,617)186,4391,154,969155,227(358,847)659,717439,339220,378 Agosto(182,928)141,9761,179,824166,178(372,522)600,172416,262183,910 Septiembre(52,198)153,9921,163,209214,678(376,818)673,507427,106246,401 Octubre(9,744)132,0311,178,568246,563(364,390)689,902428,805261,097 Noviembre82,468151,7391,216,126293,068(438,907)718,358430,226288,132 Diciembre55,283421,0271,296,211327,558(629,375)815,588500,299315,289PROMEDIO9,744124,6111,083,137217,385-326,034674,074438,781235,293

1990 Enero(8,189)417,4321,349,3410(624,556)1,134,028417,294716,734 Febrero221,300452,9271,366,1790(781,506)1,258,900447,215811,685 Marzo302,605392,3631,374,3140(791,561)1,277,721434,522843,199 Abril244,042364,9701,421,3200(791,040)1,239,292446,645792,647 Mayo169,009379,9081,440,3220(761,849)1,227,390457,079770,311 Junio179,203394,3641,431,2680(785,812)1,219,023484,680734,343 Julio296,372384,1231,432,1550(884,495)1,228,155491,313736,842 Agosto341,664441,9491,449,8440(899,686)1,333,771515,300818,471 Septiembre470,403322,2501,461,2670(875,391)1,378,529504,184874,345 Octubre455,845414,2361,463,0400(937,921)1,395,200500,935894,265 Noviembre602,178332,9671,468,8900(990,369)1,413,666529,482884,184 Diciembre448,480645,5101,496,968422,282(1,095,847)1,072,829638,838433,991PROMEDIO310,243411,9171,429,57635,190-851,6691,264,875488,957775,918

1991 Enero408,221534,2641,552,598503,354(1,050,172)941,557496,240445,317 Febrero543,139569,6441,561,810579,540(1,104,370)990,683519,833470,850 Marzo698,429544,6141,553,905612,967(1,158,074)1,025,907572,039453,868 Abril755,977535,7301,556,480612,457(1,176,307)1,059,423578,038481,385 Mayo773,575462,2521,576,956578,929(1,140,933)1,092,921611,115481,806 Junio825,619529,7361,579,464570,808(1,183,201)1,180,810634,557546,253 Julio851,014515,9291,574,248592,823(1,167,002)1,181,366631,554549,812 Agosto919,409501,0871,578,350608,240(1,150,464)1,240,142661,445578,697 Septiembre1,020,999412,5281,575,263604,405(1,184,172)1,220,213631,657588,556 Octubre951,316532,9301,566,343549,527(1,239,456)1,261,606663,140598,466 Noviembre957,202472,2111,574,915517,617(1,200,864)1,285,847654,864630,983 Diciembre749,210684,4861,610,345480,428(1,152,569)1,411,044753,713657,331PROMEDIO787,843524,6181,571,723567,591-1,158,9651,157,627617,350540,277Contina...CAPTULO IV Sector Monetario y FinancieroCUADRO No. 4.1.1




1992 Enero736,066535,4461,620,908396,861(1,184,782)1,310,777639,775671,002 Febrero915,808459,8271,639,356393,053(1,253,423)1,368,515700,523667,992 Marzo953,615437,6841,645,172434,126(1,257,750)1,344,595636,215708,380 Abril997,332469,1731,675,353407,111(1,308,954)1,425,793726,045699,748 Mayo1,049,523446,8991,700,253370,768(1,355,607)1,470,300720,433749,867 Junio1,220,353326,8761,716,259413,353(1,401,221)1,448,914731,843717,071 Julio1,128,304489,9711,739,021368,393(1,447,140)1,541,763795,617746,146 Agosto1,084,647538,5921,784,996364,822(1,443,673)1,599,740764,161835,579 Septiembre1,168,816397,9991,793,487373,055(1,483,129)1,504,118710,737793,381 Octubre1,185,055466,6561,849,026339,320(1,570,394)1,591,023782,979808,044 Noviembre1,045,962584,6811,865,184307,852(1,588,977)1,598,998732,546866,452 Diciembre954,7581,936,2991,544,049248,502(2,410,639)1,775,965886,991888,974PROMEDIO1,036,687590,8421,714,422368,101-1,475,4741,498,375735,655762,720

1993 Enero933,6882,027,0401,631,618271,115(2,445,674)1,875,557797,1301,078,427 Febrero906,2112,184,9321,647,247351,945(2,524,603)1,861,842817,3361,044,506 Marzo965,3832,156,4711,655,258335,349(2,538,239)1,903,524810,5751,092,949 Abril955,2882,224,7221,664,736396,460(2,574,565)1,873,721852,4381,021,283 Mayo988,1642,288,8851,644,927344,401(2,639,007)1,938,568866,7381,071,830 Junio1,020,9882,286,4841,608,034295,466(2,700,701)1,919,339850,1381,069,201 Julio1,052,8182,332,0291,595,328339,838(2,745,099)1,895,238886,9751,008,263 Agosto1,202,4912,231,3151,547,410359,169(2,772,154)1,849,893831,8391,018,054 Septiembre1,191,4512,356,8261,509,646428,975(2,781,188)1,847,760821,6771,026,083 Octubre1,425,2982,410,4641,532,204469,336(2,864,329)2,034,301888,1381,146,163 Noviembre1,458,4482,388,4681,518,910464,212(2,867,386)2,034,228861,8711,172,357 Diciembre1,657,7742,500,7221,483,456287,049(3,002,580)2,352,3231,033,6001,318,723PROMEDIO1,146,5002,282,3631,586,565361,943-2,704,6271,948,858859,8711,088,987

1994 Enero1,490,0432,458,1681,453,194261,770(3,090,079)2,049,556874,4991,175,057 Febrero1,565,9802,514,5631,452,576153,770(3,171,666)2,207,683872,9401,334,743 Marzo1,667,0462,423,6351,433,402116,746(3,202,556)2,204,781945,3431,259,438 Abril1,771,3892,566,3441,429,618136,334(3,335,539)2,295,478955,2861,340,192 Mayo2,018,3582,527,1831,408,617110,202(3,545,520)2,298,436951,9831,346,453 Junio2,019,2462,579,5431,440,14891,896(3,591,256)2,355,785983,7191,372,066 Julio2,172,9292,430,0361,484,10670,830(3,574,512)2,441,7291,087,7861,353,943 Agosto2,317,8632,360,0721,492,40267,675(3,674,112)2,428,5501,082,3601,346,190 Septiembre2,299,1712,461,7971,447,34452,822(3,694,515)2,460,9751,149,6331,311,342 Octubre2,397,4872,480,6041,442,16676,769(3,759,774)2,483,7141,164,1831,319,531 Noviembre2,286,2852,415,7551,614,42068,523(3,828,928)2,419,0091,166,3481,252,661 Diciembre2,356,2102,599,4712,512,33055,804(4,651,929)2,760,2781,405,9901,354,288PROMEDIO2,030,1672,484,7641,550,860105,262-3,593,3662,367,1651,053,3391,313,825

1995 Enero2,245,038949,5312,526,09781,060(2,991,834)2,647,7721,185,7761,461,996 Febrero2,123,5071,004,5242,485,38475,941(2,952,857)2,584,6171,238,1741,346,443 Marzo2,210,231895,9542,485,440267,689(2,803,280)2,520,6561,212,6971,307,959 Abril1,954,295920,5662,504,20893,430(2,757,392)2,528,2471,259,1531,269,094 Mayo2,155,768786,8132,568,989236,156(2,760,306)2,515,1081,279,0101,236,098 Junio2,191,741743,8732,689,104239,681(2,714,062)2,670,9751,378,2531,292,722 Julio2,481,465598,0552,606,080316,111(2,793,082)2,576,4071,341,4631,234,944 Agosto2,493,882322,5392,913,493221,042(2,918,638)2,590,2341,362,0391,228,195 Septiembre2,667,497235,5182,915,662406,467(2,912,049)2,500,1611,378,8041,121,357 Octubre2,651,763230,9683,081,916418,449(2,925,858)2,620,3401,388,5551,231,785 Noviembre2,754,707159,6253,116,575320,042(3,009,705)2,701,1601,403,1611,297,999 Diciembre3,205,720258,2442,905,114349,684(2,914,156)3,105,2381,693,9861,411,252PROMEDIO2,427,968592,1842,733,172252,146-2,871,1022,630,0761,343,4231,286,654Contina...CAPTULO IV Sector Monetario y FinancieroCUADRO No. 4.1.1




1996 Enero3,399,877(110,741)2,976,610297,603(3,044,681)2,923,4621,344,4191,579,043 Febrero3,593,355(400,285)2,958,802241,808(3,063,940)2,846,1241,319,3561,526,768 Marzo3,663,202(575,323)3,056,354161,239(3,060,343)2,922,6511,322,2411,600,410 Abril3,934,120(723,718)3,008,629167,270(3,015,773)3,035,9881,373,5011,662,487 Mayo4,164,324(889,822)3,059,527138,217(3,025,068)3,170,7441,420,8441,749,900 Junio4,305,434(1,008,087)3,044,35893,891(2,951,153)3,296,6611,464,0231,832,638 Julio4,469,506(1,033,536)3,036,35769,573(3,030,919)3,371,8351,457,0051,914,830 Agosto4,563,699(1,060,044)3,031,857100,470(3,040,921)3,394,1211,494,4831,899,638 Septiembre4,674,389(1,098,818)3,039,480118,403(3,061,441)3,435,2071,467,4361,967,772 Octubre4,763,057(1,149,082)3,079,08264,015(3,114,098)3,514,9441,481,7052,033,239 Noviembre4,765,762(1,070,178)3,023,33270,573(3,033,615)3,614,7281,495,0592,119,669 Diciembre4,925,289(908,025)2,969,49223,797(2,995,067)3,967,8921,795,7042,172,188PROMEDIO4,268,501-835,6383,023,657128,905-3,036,4183,291,1961,452,9811,838,215

1997 Enero4,778,343(1,114,692)2,978,38542,406(2,998,105)3,601,5251,535,9082,065,617 Febrero4,648,139(990,317)3,060,26244,709(3,037,307)3,636,0681,519,1062,116,962 Marzo4,562,011(929,839)3,090,85032,775(3,017,840)3,672,4071,512,2092,160,198 Abril4,880,958(897,970)3,208,99547,360(3,027,670)4,116,9531,589,4182,527,535 Mayo5,420,510(1,180,211)3,042,54676,977(3,008,226)4,197,6421,713,1032,484,539 Junio5,441,035(1,264,007)2,994,65070,962(2,957,012)4,143,7041,801,5782,342,126 Julio6,168,253(1,467,054)2,938,81160,165(3,048,345)4,531,5001,773,5502,757,950 Agosto6,097,201(1,321,679)2,886,24135,000(3,457,171)4,169,5921,752,0012,417,591 Septiembre6,033,232(1,140,701)2,783,52345,000(3,394,126)4,236,9281,708,5722,528,356 Octubre6,003,569(1,063,001)2,870,92110,000(3,477,888)4,323,6011,829,6382,493,963 Noviembre5,809,827(928,504)2,813,40635,000(3,503,376)4,156,3531,756,0952,400,257 Diciembre5,714,012(455,159)2,896,4390(3,414,368)4,740,9232,050,2442,690,679PROMEDIO5,463,091-1,062,7612,963,75241,696-3,195,1204,127,2661,711,7852,415,481

1998 Enero5,379,970(606,123)3,029,29710,000(3,490,858)4,302,2861,812,7972,489,489 Febrero5,135,679(489,330)3,245,6110(3,441,808)4,450,1521,832,7542,617,398 Marzo5,100,400(622,394)3,143,6260(3,442,862)4,178,7701,710,7652,468,005 Abril5,330,751(512,398)3,078,4960(3,451,410)4,445,4391,846,2352,599,204 Mayo5,738,041(716,798)3,205,4620(4,725,624)3,501,0811,799,1781,701,903 Junio5,765,292(537,220)3,212,400270,334(4,742,693)3,427,4461,844,8071,582,638 Julio5,823,020(410,119)2,987,5520(4,818,571)3,581,8821,910,1151,671,767 Agosto5,997,372(772,208)2,942,2530(4,764,366)3,403,0511,888,9001,514,151 Septiembre5,749,303(659,529)3,040,5610(4,944,564)3,185,7711,847,5101,338,261 Octubre5,530,730(654,371)3,125,4460(4,922,425)3,079,3801,927,3561,152,024 Noviembre5,602,527(735,319)3,248,2760(4,959,878)3,155,6071,850,8071,304,800 Diciembre5,997,643(440,209)3,089,7060(5,078,714)3,568,4262,183,1621,385,264PROMEDIO5,595,894-596,3353,112,39123,361-4,398,6483,689,9411,871,1991,818,742

1999 Enero5,795,050(624,333)3,004,0570(5,105,589)3,069,1851,861,5481,207,637 Febrero5,829,101(611,137)3,075,9440(5,169,405)3,124,5031,812,2511,312,252 Marzo5,648,724(459,552)3,044,09428,550(5,210,795)2,993,9201,774,3961,219,524 Abril5,502,798(457,346)3,067,1480(5,253,280)2,859,3191,828,2521,031,068 Mayo5,615,700(584,115)3,325,422161,212(5,217,535)2,978,2611,770,7201,207,542 Junio5,797,730(582,763)3,355,022450,150(5,268,597)2,851,2431,766,8621,084,380 Julio5,439,420(229,995)3,295,343329,095(5,293,935)2,881,7371,789,9521,091,785 Agosto5,549,999(193,264)3,342,788478,623(5,290,468)2,930,4321,697,2281,233,204 Septiembre6,216,580(613,378)3,231,665574,386(5,448,046)2,812,4351,717,3731,095,061 Octubre5,873,726(505,985)3,447,862469,446(5,450,072)2,896,0841,780,9991,115,085 Noviembre5,868,562(594,240)3,596,600414,541(5,598,048)2,858,3321,730,6191,127,713 Diciembre6,659,599(311,004)3,375,461604,549(5,434,794)3,684,7132,157,8141,526,899PROMEDIO5,816,416-480,5933,263,450292,546-5,311,7142,995,0141,807,3341,187,679Contina...CAPTULO IV Sector Monetario y FinancieroCUADRO No. 4.1.1




2000 Enero6,609,152-250,6073,216,547748,796-5,517,9463,308,3501,779,8361,528,514 Febrero6,524,471-200,8313,223,558751,742-5,632,1743,163,2801,686,8061,476,474 Marzo6,262,894-274,8303,269,755663,661-5,509,2993,084,8591,677,7011,407,158 Abril6,140,437-173,9603,310,449703,180-5,506,2793,067,4661,773,1431,294,323 Mayo6,313,074-372,7833,220,115628,500-5,544,7182,987,1891,693,4511,293,738 Junio6,430,532-470,0353,244,481567,849-5,704,3092,932,8201,771,8421,160,978 Julio6,172,554-265,8023,190,385488,238-5,671,3062,937,5931,722,1101,215,483 Agosto6,167,469-170,0913,172,135484,395-5,715,2252,969,8921,692,0141,277,878 Septiembre6,164,249-57,8932,860,018492,424-5,419,5973,054,3531,744,1781,310,174 Octubre6,238,513-199,5322,836,927488,723-5,389,8052,997,3801,776,1211,221,259 Noviembre6,227,798-164,0442,808,677456,733-5,485,3302,930,3681,709,8501,220,518 Diciembre6,921,009328,6512,707,238398,437-5,454,3804,104,0822,175,2761,928,806PROMEDIO6,347,679-189,3133,088,357572,723-5,545,8643,128,1361,766,8611,361,275

2001 Enero6,243,808241,6662,698,539446,255-5,543,1653,194,5931,829,6251,364,968 Febrero6,306,448353,3322,642,181553,544-5,568,5663,179,8511,839,0351,340,816 Marzo6,252,025440,9642,631,576612,140-5,549,1133,163,3121,764,5181,398,794 Abril6,374,397195,5062,638,919555,455-5,560,6283,092,7381,792,4871,300,251 Mayo6,540,379273,2982,627,989526,131-5,682,9743,232,5591,781,3681,451,191 Junio6,915,568-91,7712,783,696529,142-5,701,3143,377,0371,901,5061,475,531 Julio7,036,180-110,5662,665,623507,616-5,789,6513,293,9701,863,3091,430,661 Agosto6,976,10472,9882,572,103500,165-5,829,2913,291,7381,859,1461,432,592 Septiembre6,887,188225,2262,589,867474,934-6,025,7283,201,6181,871,1721,330,446 Octubre6,977,379194,4292,679,421475,889-6,109,3373,266,0031,893,6381,372,365 Noviembre7,521,849-306,3342,608,747470,835-6,055,3523,298,0751,888,5551,409,520 Diciembre7,337,142653,3012,617,547373,408-5,779,4054,455,1762,396,3582,058,818PROMEDIO6,780,706178,5032,646,351502,126-5,766,2103,337,2231,890,0601,447,163

2002 Enero7,517,651-62,7592,639,367279,170-6,078,4613,736,6291,958,2201,778,408 Febrero7,219,796193,9862,680,025246,699-6,284,9913,562,1161,952,2561,609,860 Marzo6,764,398310,9752,768,336298,995-6,257,7113,287,0031,956,1451,330,858 Abril6,577,483481,1802,771,717329,125-6,360,4603,140,7951,918,3571,222,439 Mayo6,924,083577,9072,737,961355,309-6,506,4383,378,2032,055,3231,322,880 Junio6,472,817834,9663,191,100262,091-6,593,5073,643,2832,040,5961,602,687 Julio5,920,116-90,5884,884,290136,622-5,905,9904,671,2062,086,6842,584,522 Agosto6,842,278425,4983,375,184102,899-5,850,5514,689,5102,084,0632,605,447 Septiembre6,769,837859,9162,711,291104,473-5,938,3954,298,1762,088,0872,210,089 Octubre6,631,0591,144,2152,553,018430,400-6,003,7743,894,1181,989,1181,905,000 Noviembre6,460,8431,572,0192,516,804506,602-6,070,2723,972,7922,155,6131,817,179 Diciembre6,386,7492,190,1372,500,686143,034-6,290,4374,644,0992,677,8681,966,231PROMEDIO6,707,259703,1212,944,148266,285-6,178,4153,909,8282,080,1941,829,633

2003 Enero6,653,2962,178,5832,479,824463,962-6,491,5034,356,2372,294,6042,061,634 Febrero5,471,1782,375,5812,784,940349,248-6,409,4913,872,9602,350,9771,521,983 Marzo5,525,0102,460,5322,544,043408,663-6,240,1693,880,7532,171,0331,709,720 Abril5,760,0892,222,4592,542,654377,401-6,240,1883,907,6142,288,2611,619,353 Mayo5,731,1332,400,9392,559,586425,044-6,493,4613,773,1532,345,0891,428,064 Junio6,627,9541,902,9782,496,223611,728-6,354,9424,060,4852,389,1461,671,340 Julio6,676,7852,186,2022,472,163620,008-6,485,4614,229,6812,449,2321,780,449 Agosto6,638,3502,235,4282,510,656591,396-6,652,0504,140,9882,469,2271,671,761 Septiembre6,968,8991,913,5762,519,607619,541-6,700,7584,081,7832,450,9851,630,798 Octubre7,825,2162,387,6262,698,735515,033-6,766,5925,629,9512,623,7363,006,215 Noviembre6,915,9352,469,5392,492,560341,391-6,855,5974,681,0462,646,2972,034,749 Diciembre7,631,1092,262,4552,497,080165,831-6,987,1675,237,6473,193,0352,044,611PROMEDIO6,535,4132,249,6582,549,839457,437-6,556,4484,321,0252,472,6351,848,390Contina...CAPTULO IV Sector Monetario y FinancieroCUADRO No. 4.1.1




2004 Enero6,995,2692,459,0752,496,802261,637-6,968,6344,720,8742,690,1872,030,688 Febrero6,760,0392,460,9652,551,615442,409-6,924,4134,405,7972,702,2391,703,559 Marzo7,004,2802,026,5292,611,810474,984-7,089,0524,078,5842,494,3791,584,205 Abril6,243,8832,344,0502,924,422411,228-6,915,7714,185,3562,672,3841,512,972 Mayo6,459,5042,322,7132,651,597225,419-7,003,0054,205,3902,607,3551,598,035 Junio (3)6,373,6492,149,5512,473,964354,172-6,314,2014,328,7912,777,0631,551,728 Julio6,816,6262,325,8252,183,913271,241-6,341,4594,713,6642,969,5481,744,116 Agosto7,147,6822,405,3082,160,395350,714-6,554,1844,808,4872,953,5611,854,926 Septiembre7,585,8261,888,4052,169,959713,288-6,644,8714,286,0322,995,9451,290,087 Octubre7,968,0101,787,2642,179,241661,460-6,777,9234,495,1323,118,3571,376,776 Noviembre8,496,4771,391,2662,188,633652,730-6,990,0364,433,6113,109,9381,323,672 Diciembre9,031,3381,905,0312,182,130535,051-6,814,2305,769,2183,865,3811,903,837PROMEDIO7,240,2152,122,1652,397,873446,194-6,778,1484,535,9112,913,0281,622,883

2005 Enero8,179,8662,149,1292,110,833480,689-6,795,4025,163,7373,320,5251,843,212 Febrero8,428,2932,138,1552,116,341464,962-6,907,3745,310,4543,272,2082,038,246 Marzo8,366,3251,594,6552,078,737470,982-6,783,9574,784,7783,214,6771,570,101 Abril8,906,2621,532,2642,086,226432,064-6,768,7275,323,9613,556,4621,767,499 Mayo8,840,9381,421,2692,132,312422,971-6,831,7175,139,8303,552,4351,587,395 Junio9,396,6511,194,8232,091,504410,355-7,019,7025,252,9213,670,0321,582,889 Julio10,044,202958,8822,063,927485,156-6,993,4305,588,4263,848,8621,739,564 Agosto10,741,174697,8612,068,230578,695-7,104,3915,824,1784,031,2471,792,931 Septiembre11,148,344684,8452,075,237645,936-7,459,6535,802,8374,255,1161,547,721 Octubre12,141,657260,9502,011,829640,059-7,483,1536,291,2254,406,0141,885,211 Noviembre13,196,180156,4072,044,145686,512-7,737,3806,972,8404,504,6332,468,207 Diciembre13,713,293688,0912,071,439710,091-7,880,0257,882,7075,594,2012,288,506PROMEDIO10,258,5991,123,1112,079,230535,706-7,147,0765,778,1583,935,5341,842,624

2006 Enero14,587,730-1,648,6872,114,276949,806-6,879,9127,223,6015,086,7282,136,873 Febrero14,990,601-1,861,5212,156,5491,028,162-6,781,2197,476,2495,120,8412,355,408 Marzo16,051,614-3,092,5502,106,9301,085,721-6,871,2647,109,0095,009,1202,099,889 Abril17,644,597-3,801,2342,057,7371,158,362-7,212,6127,530,1275,279,9072,250,220 Mayo19,114,273-4,739,7702,040,6061,181,610-7,430,7867,802,7135,454,2102,348,503 Junio19,693,619-5,224,2172,104,6621,318,761-7,097,1848,158,1195,825,6572,332,462 Julio21,263,533-6,036,4232,029,8191,347,670-7,446,7248,462,5356,078,3132,384,223 Agosto22,066,547-6,696,6492,034,0041,439,017-7,410,1508,554,7346,145,2352,409,499 Septiembre22,937,481-7,524,6502,017,8841,386,236-7,405,0208,639,4586,338,1242,301,334 Octubre23,616,861-7,851,5922,035,7521,516,453-7,571,3898,713,1796,453,7522,259,427 Noviembre24,412,010-7,669,0782,054,2931,736,353-7,909,4639,151,4086,743,4712,407,938 Diciembre25,209,363-6,146,7392,015,6431,922,997-7,928,16511,227,1068,012,0313,215,075PROMEDIO20,132,352-5,191,0922,064,0131,339,262-7,328,6578,337,3535,962,2822,375,071

2007 Enero25,626,520-7,090,9392,028,7012,330,778-8,049,69710,183,8077,449,2162,734,591 Febrero26,584,574-7,536,9652,033,2582,652,258-8,215,05610,213,5537,514,7102,698,843 Marzo27,872,894-8,373,8631,993,3523,063,162-8,053,08010,376,1407,746,7172,629,423 Abril29,459,328-9,355,5282,019,2623,180,773-8,245,40710,696,8828,073,0642,623,818 Mayo30,226,833-10,035,8942,089,7303,395,120-8,071,89810,813,6508,281,7242,531,926 Junio30,542,296-9,203,2862,035,6913,846,773-8,082,41011,445,5198,738,2732,707,246 Julio31,962,351-9,927,0782,021,8654,122,810-8,058,97911,875,3509,260,2222,615,128 Agosto33,798,421-9,554,5841,936,3145,266,983-7,997,35812,915,8119,971,9062,943,905 Septiembre36,564,980-9,870,9171,929,6876,229,578-8,657,98913,736,18410,449,8713,286,313 Octubre37,713,249-10,005,8011,937,5436,834,264-8,925,58713,885,14010,649,3433,235,796 Noviembre38,751,161-9,953,0582,071,7417,174,850-9,016,56314,678,43211,323,1773,355,255 Diciembre40,266,643-8,061,8032,118,6217,647,982-9,217,18517,458,29413,117,4594,340,834PROMEDIO32,447,438-9,080,8102,017,9804,645,444-8,382,60112,356,5639,381,3072,975,257Contina...CAPTULO IV Sector Monetario y FinancieroCUADRO No. 4.1.1




2008 Enero42,335,485-8,564,9861,884,1428,975,907-9,852,17116,826,56312,516,2864,310,276 Febrero44,894,895-9,421,0121,932,30210,656,744-10,003,93516,745,50612,643,5904,101,916 Marzo46,116,178-10,573,5802,049,59411,630,793-9,188,38816,773,01212,680,0254,092,987 Abril47,546,698-11,186,0292,011,22812,937,382-7,937,46917,497,04613,383,0224,114,024 Mayo49,232,111-11,184,7971,881,60513,555,718-7,462,11518,911,08714,063,5954,847,491 Junio50,703,496-11,849,8741,766,68314,614,732-7,043,29918,962,27414,521,8464,440,428 Julio52,368,312-13,080,9501,853,80815,553,196-6,278,02319,309,95115,009,4074,300,545 Agosto53,884,912-13,971,2251,737,04715,970,258-5,493,11020,187,36615,397,1894,790,177 Septiembre54,597,025-13,948,7371,713,62016,098,211-5,699,36820,564,32915,514,6415,049,688 Octubre52,535,528-13,577,5311,833,77115,846,543-4,865,63120,079,59514,967,6425,111,953 Noviembre53,095,749-13,789,4051,743,60215,634,104-5,494,67719,921,16414,762,3945,158,770 Diciembre53,822,520-11,931,8581,681,22315,462,308-5,817,07722,292,50015,807,4246,485,076PROMEDIO50,094,409-11,923,3321,840,71913,911,325-7,094,60519,005,86614,272,2554,733,611

2009 Enero54,251,012-12,564,2351,673,69815,821,435-5,998,07021,540,96914,648,9616,892,008 Febrero53,523,405-13,157,0151,687,38615,682,864-6,140,14520,230,76614,188,8816,041,885 Marzo54,121,842-13,994,0981,668,65415,876,555-6,099,35919,820,48213,713,7096,106,773 Abril53,949,110-15,092,9491,668,95615,463,334-5,775,22219,286,56113,695,5255,591,036 Mayo55,025,195-16,211,8051,661,63714,787,921-6,339,07919,348,02813,854,8315,493,196 Junio55,450,855-15,645,0751,659,00214,238,229-6,180,25521,046,29714,029,7227,016,575 Julio55,817,106-16,557,8451,634,42513,096,721-6,136,58721,660,37914,112,6257,547,754 Agosto57,920,766-16,285,2481,385,77212,703,056-7,752,03122,566,20314,185,7628,380,441 Septiembre58,920,585-15,842,0181,377,46411,993,699-8,156,11024,306,22114,321,0789,985,143 Octubre59,936,142-14,869,6051,402,10711,491,833-8,505,32526,471,48714,950,89311,520,594 Noviembre61,058,362-14,810,1611,382,13011,218,168-9,504,11126,908,05215,156,23511,751,816 Diciembre59,803,316-12,037,8621,363,71110,916,883-8,644,19129,568,09117,079,53712,488,554PROMEDIO56,648,141-14,755,6601,547,07813,607,558-7,102,54022,729,46114,494,8138,234,648(1) CLB (CD's + Letras del Tesoro + Bonos) . SRD Servicio Restringido de Depsitos.(2) A partir de mayo de 1998, parte del encaje requerido por depsitos en moneda extranjera y con mantenimiento de valor se constituye en ttulos en el exterior. stos no forman parte de las reservas bancarias en el BCB.(3) Devolucin de los activos y pasivos al TGN, de la lnea 1925 BO.FUENTE: Banco Central de Bolivia.

INF.TRIMESTRALCAPTULO IV Sector Monetario y FinancieroCUADRO No. 4.1.1


BASE MONETARIA (B )O R I G E N D E S T I N O

SaldosRESERVASCRED. NETOCRDITOOTRAS BILL. Y MON.RESERVASCLB yfines de :INTERNAC.AL SECTORACUENTASEN PODERBANCARIASSRD (1)NETASPBLICOBANCOSNETASDEL PBLICO(R )

1980 Marzo(1.41)10.333.36(1.57)10.716.993.711980Marzo0.0002 Junio(1.94)11.933.57(1.44)12.128.473.65Junio0.0003 Septiembre(0.14)10.573.93(0.89)13.478.914.56Septiembre0.0003 Diciembre(2.49)12.573.98(0.32)13.749.464.28Diciembre0.00031981 Marzo(3.06)11.674.11(0.55)12.188.014.171981Marzo0.0003 Junio(4.85)12.814.77(0.99)11.748.213.53Junio0.0003 Septiembre(5.01)15.015.55(1.15)14.399.185.21Septiembre0.0004 Diciembre(6.39)16.054.771.7616.2010.855.34Diciembre0.00041982 Marzo(10.50)15.233.9310.4419.1112.276.831982Marzo0.0005 Junio(9.90)19.055.5111.6026.2717.239.04Junio0.0006 Septiembre(2.88)31.547.920.9737.5627.699.87Septiembre0.0010 Diciembre(67.21)81.4621.0428.4363.7338.9024.83Diciembre0.00141983 Marzo13.0879.2323.38(41.16)74.5346.6427.891983Marzo0.0017 Junio10.91101.4625.25(40.88)96.7556.2940.45Junio0.0021 Septiembre9.90125.3827.70(39.96)123.0268.7854.25Septiembre0.0034 Diciembre(35.35)275.8154.05(99.67)194.84124.7670.08Diciembre0.00601984 Marzo13.39323.9065.47(153.13)249.63177.5972.041984Marzo0.0098 Junio97.42(146.95)180.75318.17449.39342.35107.04Junio0.0243 Septiembre152.35195.43325.06261.89934.72696.22238.51Septiembre0.0404 Diciembre649.902,926.47981.08(1,212.79)3,344.662,870.91473.75Diciembre0.13611985 Marzo4,210(5,355)3,5036,7259,084.357,9581,1261985Marzo0.8116 Junio3,3662,3397,48415,36828,557.7624,1234,435Junio2.1965 Septiembre136,351(334,763)84,714225,444111,746.2689,41122,335Septiembre9.5169 Diciembre151,560(205,632)129,854125,411201,192.86173,81927,373Diciembre11.25811986 Marzo321,587(293,159)149,54419,171197,142.77158,33838,8041986Marzo16.1700 Junio377,487(474,775)187,949151,215241,875.30199,96841,907Junio17.6336 Septiembre599,667(610,741)234,82163,885287,631.42213,79673,835Septiembre18.4740 Diciembre474,406(504,882)358,80755,834384,165.50294,37389,793Diciembre18.68431987 Marzo473,686(575,894)392,22796,920386,939.35283,778103,16101987Marzo19.5122 Junio352,078(476,496)425,481135,810436,873.40301,948134,9260Junio19.8470 Septiembre449,396(518,089)483,72668,675483,708.06337,320146,3880Septiembre20.1491 Diciembre418,169(393,040)541,378(33,034)533,473.00397,498121,61014,365Diciembre20.67641988 Marzo332,712(615,865)632,749235,727.93585,324.51350,353153,92781,0441988Marzo21.1597 Junio449,166(790,849)751,036226,260635,612.88368,026182,61884,969Junio22.9375 Septiembre487,554(841,906)801,162267,091713,901.96379,560194,517139,824Septiembre24.3352 Diciembre397,531(130,072)827,075(219,617)874,917.00526,082167,071181,764Diciembre25.12291989 Marzo82,85851,746930,868(213,964)851,508.00437,076233,447180,9851989Marzo25.5960 Junio(75,021)173,9221,086,310(324,094)861,117.00450,375235,584175,158Junio25.7387 Septiembre(52,198)153,9921,163,209(376,818)888,185.00427,106246,401214,678Septiembre27.6605 Diciembre55,283421,0271,296,211(629,375)1,143,146.00500,299315,289327,558Diciembre29.28391990 Marzo302,605392,3631,374,314(791,561)1,277,721.00434,522843,19901990Marzo29.6654 Junio179,203394,3641,431,268(785,812)1,219,023.00484,680734,3430Junio30.5272 Septiembre470,403322,2501,461,267(875,391)1,378,529.00504,184874,3450Septiembre31.7838 Diciembre448,480645,5101,496,968(1,095,847)1,495,111.00638,838433,991422,282Diciembre34.55801991 Marzo698,429544,6141,553,905(1,158,074)1,638,874.00572,039453,868612,9671991Marzo36.9064 Junio825,619529,7361,579,464(1,183,201)1,751,618.00634,557546,253570,808Junio37.6634 Septiembre1,020,999412,5281,575,263(1,184,172)1,824,618.00631,657588,556604,405Septiembre38.5310 Diciembre749,210684,4861,610,345(1,152,569)1,891,472.00753,713657,331480,428Diciembre39.57591992 Marzo953,615437,6841,645,172(1,257,750)1,778,721.00636,215708,380434,1261992Marzo41.7193 Junio1,220,353326,8761,716,259(1,401,221)1,862,267.00731,843717,071413,353Junio42.3933 Septiembre1,168,816397,9991,793,487(1,483,129)1,877,173.00710,737793,381373,055Septiembre43.1321 Diciembre954,7581,936,2991,544,049(2,410,639)2,024,467.00886,991888,974248,502Diciembre43.71521993 Marzo965,3832,156,4711,655,258(2,538,239)2,238,873.00810,5751,092,949335,3491993Marzo44.8590 Junio1,020,9882,286,4841,608,034(2,700,701)2,214,805.00850,1381,069,201295,466Junio45.6621 Septiembre1,191,4512,356,8261,509,646(2,781,188)2,276,735.00821,6771,026,083428,975Septiembre47.2260 Diciembre1,657,7742,500,7221,483,456(3,002,580)2,639,372.001,033,6001,318,723287,049Diciembre47.78421994 Marzo1,667,0462,423,6351,433,402(3,202,556)2,321,527.00945,3431,259,438116,7461994Marzo48.4026 Junio2,019,2462,579,5431,440,148(3,591,256)2,447,681.00983,7191,372,06691,896Junio49.1702 Septiembre2,299,1712,461,7971,447,344(3,694,515)2,513,797.001,149,6331,311,34252,822Septiembre50.5467 Diciembre2,356,2102,599,4712,512,330(4,651,929)2,816,082.001,405,9901,354,28855,804Diciembre51.85621995 Marzo2,210,231895,9542,485,440(2,803,280)2,788,345.001,212,6971,307,959267,6891995Marzo53.0655 Junio2,191,741743,8732,689,104(2,714,062)2,910,656.001,378,2531,292,722239,681Junio54.5166 Septiembre2,667,497235,5182,915,662(2,912,049)2,906,628.001,378,8041,121,357406,467Septiembre55.2969 Diciembre3,205,720258,2442,905,114(2,914,156)3,454,922.001,693,9861,411,252349,684Diciembre58.37821996 Marzo3,663,202(575,323)3,056,354(3,060,343)3,083,890.001,322,2411,600,410161,2391996Marzo60.7839 Junio4,305,434(1,008,087)3,044,358(2,951,153)3,390,552.001,464,0231,832,63893,891Junio61.2036 Septiembre4,674,389(1,098,818)3,039,480(3,061,441)3,553,610.001,467,4361,967,772118,403Septiembre62.6394 Diciembre4,925,289(908,025)2,969,492(2,995,067)3,991,689.001,795,7042,172,18823,797Diciembre63.01971997 Marzo4,562,011(929,839)3,090,850(3,017,840)3,705,182.001,512,2092,160,19832,7751997Marzo62.9821 Junio5,441,035(1,264,007)2,994,650(2,957,012)4,214,666.001,801,5782,342,12670,962Junio64.3848 Septiembre6,033,232(1,140,701)2,783,523(3,394,126)4,281,928.001,708,5722,528,35645,000Septiembre64.9443 Diciembre5,714,012(455,159)2,896,439(3,414,368)4,740,923.042,050,2442,690,6790Diciembre67.26151998 Marzo5,100,400(622,394)3,143,626(3,442,862)4,178,770.001,710,7652,468,00501998Marzo68.9123 Junio5,765,292(537,220)3,212,400(4,742,693)3,697,779.201,844,8071,582,638270,334Junio69.4765 Septiembre5,749,303(659,529)3,040,561(4,944,564)3,185,771.001,847,5101,338,2610Septiembre69.6199 Diciembre5,997,643(440,209)3,089,706(5,078,714)3,568,426.002,183,1621,385,2640Diciembre70.21571999 Marzo5,648,724(459,552)3,044,094(5,210,795)3,022,470.061,774,3961,219,52428,5501999Marzo70.2891 Junio5,797,730(582,763)3,355,022(5,268,597)3,301,392.231,766,8621,084,380450,150Junio70.5016 Septiembre6,216,580(613,378)3,231,665(5,448,046)3,386,820.721,717,3731,095,061574,386Septiembre71.4313 Diciembre6,659,599(311,004)3,375,461(5,434,794)4,289,261.482,157,8141,526,899604,549Diciembre72.41592000 Marzo6,262,894-274,8303,269,755-5,509,2993,748,520.081,677,7011,407,158663,6612000Marzo73.5457 Junio6,430,532-470,0353,244,481-5,704,3093,500,668.751,771,8421,160,978567,849Junio73.4716 Septiembre6,164,249-57,8932,860,018-5,419,5973,546,777.021,744,1781,310,174492,424Septiembre75.6624 Diciembre6,921,009328,6512,707,238-5,454,3804,502,518.842,175,2761,928,806398,437Diciembre74.88672001 Marzo6,252,025440,9642,631,576-5,549,1133,775,452.051,764,5181,398,794612,1402001Marzo74.8666 Junio6,915,568-91,7712,783,696-5,701,3143,906,179.081,901,5061,475,531529,142Junio75.4417 Septiembre6,887,188225,2262,589,867-6,025,7283,676,552.381,871,1721,330,446474,934Septiembre75.6443 Diciembre7,337,142653,3012,617,547-5,779,4054,828,584.912,396,3582,058,818373,408Diciembre75.57932002 Marzo6,764,398310,9752,768,336-6,257,7113,585,997.981,956,1451,330,858298,9952002Marzo75.5029 Junio6,472,817834,9663,191,100-6,593,5073,905,374.532,040,5961,602,687262,091Junio75.5929 Septiembre6,769,837859,9162,711,291-5,938,3954,402,648.712,088,0872,210,089104,473Septiembre76.4215 Diciembre6,386,7492,190,1372,500,686-6,290,4374,787,133.352,677,8681,966,231143,034Diciembre77.42792003 Marzo5,525,0102,460,5322,544,043-6,240,1694,289,415.952,171,0331,709,720408,6632003Marzo77.6163 Junio6,627,9541,902,9782,496,223-6,354,9424,672,212.962,389,1461,671,340611,728Junio78.0326 Septiembre6,968,8991,913,5762,519,607-6,700,7584,701,324.142,450,9851,630,798619,541Septiembre79.1866 Diciembre7,631,1092,262,4552,497,080-6,987,1675,403,477.453,193,0352,044,611165,831Diciembre80.47762004 Marzo7,004,2802,026,5292,611,810-7,089,0524,553,567.842,494,3791,584,205474,9842004Marzo80.9135 Junio (3)6,373,6492,149,5512,473,964-6,314,2014,682,962.642,777,0631,551,728354,172Junio81.8679 Septiembre7,585,8261,888,4052,169,959-6,644,8714,999,320.402,995,9451,290,087713,288Septiembre82.5677 Diciembre9,031,3381,905,0312,182,130-6,814,2306,304,268.773,865,3811,903,837535,051Diciembre84.19912005 Marzo8,366,3251,594,6552,078,737-6,783,9575,255,760.823,214,6771,570,101470,9822005Marzo85.5328 Junio9,396,6511,194,8232,091,504-7,019,7025,663,275.333,670,0321,582,889410,355Junio87.1069 Septiembre11,148,344684,8452,075,237-7,459,6536,448,773.864,255,1161,547,721645,936Septiembre87.1368 Diciembre13,713,293688,0912,071,439-7,880,0258,592,798.205,594,2012,288,506710,091Diciembre88.33202006 Marzo16,051,614-3,092,5502,106,930-6,871,2648,194,730.975,009,1202,099,8891,085,7212006Marzo88.7181 Junio19,693,619-5,224,2172,104,662-7,097,1849,476,880.075,825,6572,332,4621,318,761Junio90.1438 Septiembre22,937,481-7,524,6502,017,884-7,405,02010,025,693.576,338,1242,301,3341,386,236Septiembre90.8954 Diciembre25,209,363-6,146,7392,015,643-7,928,16513,150,102.388,012,0313,215,0751,922,997Diciembre92.70012007 Marzo27,872,894-8,373,8631,993,352-8,053,08013,439,302.377,746,7172,629,4233,063,1622007Marzo95.0960 Junio30,542,296-9,203,2862,035,691-8,082,41015,292,291.708,738,2732,707,2463,846,773Junio96.0884 Septiembre36,564,980-9,870,9171,929,687-8,657,98919,965,761.6110,449,8713,286,3136,229,578Septiembre100.4198 Diciembre40,266,643-8,061,8032,118,621-9,217,18525,106,275.8613,117,4594,340,8347,647,982Diciembre103.57062008 Marzo46,116,178-10,573,5802,049,594-9,188,38828,403,804.6712,680,0254,092,98711,630,7932008Marzo108.4870 Junio50,703,496-11,849,8741,766,683-7,043,29933,577,006.6014,521,8464,440,42814,614,732Junio112.7338 Septiembre54,597,025-13,948,7371,713,620-5,699,36836,662,540.0815,514,6415,049,68816,098,211Septiembre114.9944 Diciembre53,822,520-11,931,8581,681,223-5,817,07737,754,808.7215,807,4246,485,07615,462,308Diciembre115.84322009 Marzo54,121,842-13,994,0981,668,654-6,099,35935,697,037.5013,713,7096,106,77315,876,5552009Marzo115.6078 Junio55,450,855-15,645,0751,659,002-6,180,25535,284,526.2014,029,7227,016,57514,238,229Junio115.1211 Septiembre58,920,585-15,842,0181,377,464-8,156,11036,299,919.7614,321,0789,985,14311,993,699Septiembre115.7349 Diciembre59,803,316-12,037,8621,363,711-8,644,19140,484,974.1217,079,53712,488,55410,916,883Diciembre116.1489(1) CLB (CD's + Letras del Tesoro + Bonos) . SRD Servicio Restringido de Depsitos.(2) A partir de mayo de 1998, parte del encaje requerido por depsitos en moneda extranjera y con mantenimiento de valor se constituye en ttulos en el exterior. stos no forman parte de las reservas bancarias en el BCB.(3) Devolucin de los activos y pasivos al TGN, de la lnea 1925 BO.FUENTE: Banco Central de Bolivia.

ENFOQUE MON.BOP.CAPTULO IV Sector Monetario y Financiero

RESERVAS INTERNACIONALES NETAS, DEMANDA REAL DE BASE MONETARIA E INFLACIN(En Miles de Bolivianos)bhl8o

CUADRO 1Fines de :BASE MONETARIANDICE DE PRECIOS AL CONSUMIDOR (AO BASE 2007)BASE MONETARIA REAL (AO BASE 2007)O R I G E N D E S T I N O

RESERVASCRED. NETOCRDITOOTRAS BILL. Y MON.RESERVASCLB yINTERNAC.AL SECTORACUENTASEN PODERBANCARIASSRD (1)NETASPBLICOBANCOSNETASDEL PBLICO

RINCNSPCBONBCROMIPCbDRIN/BDCNSP/BDCB/BDON/BDP/PDb/bIDRIN/BDCNSP/BDCB/BDON/BDP/PDb/bI1980 Marzo(1.41)10.333.36(1.57)10.716.993.710.00024,543,860 Junio(1.94)11.933.57(1.44)12.128.473.650.00034,690,779(0.0494)(0.1494)(0.0198)(0.0122)0.09660.03230.0031(1.0000)(3.0248)(0.4018)(0.2460)1.95490.65450.0632(1.0000) Septiembre(0.14)10.573.93(0.89)13.478.914.560.00035,090,7370.14850.1124(0.0300)(0.0453)0.02410.08530.00211.00000.7570(0.2018)(0.3053)0.16210.57420.01381.0000 Diciembre(2.49)12.573.98(0.32)13.749.464.280.00034,887,268(0.1749)(0.1487)(0.0038)(0.0425)0.0627(0.0400)(0.0025)(1.0000)(0.8504)(0.0219)(0.2432)0.3584(0.2285)(0.0143)(1.0000)1981 Marzo(3.06)11.674.11(0.55)12.188.014.170.00033,791,720(0.0411)0.0652(0.0094)0.01660.1427(0.2242)(0.0320)(1.0000)1.5883(0.2282)0.40323.4740(5.4585)(0.7787)(1.0000) Junio(4.85)12.814.77(0.99)11.748.213.530.00033,567,892(0.1472)(0.0932)(0.0541)0.03610.0245(0.0590)(0.0014)(1.0000)(0.6334)(0.3676)0.24530.1665(0.4010)(0.0098)(1.0000) Septiembre(5.01)15.015.55(1.15)14.399.185.210.00044,087,449(0.0137)(0.1874)(0.0658)0.01390.06990.14560.0102(1.0000)(13.7017)(4.8138)1.01315.110210.64810.7441(1.0000) Diciembre(6.39)16.054.771.7616.2010.855.340.00044,603,517(0.0956)(0.0726)0.0538(0.2020)(0.0010)0.1263(0.0001)(1.0000)(0.7596)0.5634(2.1130)(0.0104)1.3209(0.0013)(1.0000)1982 Marzo(10.50)15.233.9310.4419.1112.276.830.00054,219,874(0.2538)0.05070.0517(0.5361)0.2871(0.0833)(0.0239)(1.0000)0.19990.2039(2.1123)1.1311(0.3284)(0.0943)(1.0000) Junio(9.90)19.055.5111.6026.2717.239.040.00064,730,7910.0315(0.1999)(0.0827)(0.0609)0.22650.12110.02741.0000(6.3567)(2.6308)(1.9361)7.20243.84920.87201.0000 Septiembre(2.88)31.547.920.9737.5627.699.870.00103,949,6220.2672(0.4754)(0.0916)0.40470.7122(0.1651)(0.1176)1.0000(1.7788)(0.3426)1.51422.6651(0.6179)(0.4401)1.0000 Diciembre(67.21)81.4621.0428.4363.7338.9024.830.00144,567,987(1.7128)(1.3291)(0.3493)(0.7312)0.46700.15660.0731(1.0000)(0.7759)(0.2039)(0.4269)0.27270.09140.0427(1.0000)1983 Marzo13.0879.2323.38(41.16)74.5346.6427.890.00174,307,9411.25980.0350(0.0367)1.09210.2401(0.0569)(0.0137)1.00000.0278(0.0292)0.86680.1906(0.0452)(0.0109)1.0000 Junio10.91101.4625.25(40.88)96.7556.2940.450.00214,576,920(0.0291)(0.2983)(0.0252)(0.0038)0.22180.06240.0139(1.0000)(10.2471)(0.8641)(0.1307)7.62112.14490.4758(1.0000) Septiembre9.90125.3827.70(39.96)123.0268.7854.250.00343,606,746(0.0104)(0.2472)(0.0253)(0.0094)0.6136(0.2120)(0.1301)(1.0000)(23.7372)(2.4335)(0.9067)58.9223(20.3551)(12.4898)(1.0000) Diciembre(35.35)275.8154.05(99.67)194.84124.7670.080.00603,259,507(0.3678)(1.2228)(0.2141)0.48530.7525(0.0963)(0.0724)(1.0000)(3.3248)(0.5822)1.31962.0461(0.2618)(0.1970)(1.0000)1984 Marzo13.39323.9065.47(153.13)249.63177.5972.040.00982,557,9990.2501(0.2468)(0.0586)0.27440.6326(0.2152)(0.1361)1.0000(0.9868)(0.2344)1.09702.5289(0.8604)(0.5443)1.0000 Junio97.42(146.95)180.75318.17449.39342.35107.040.02431,846,8120.33661.8862(0.4618)(1.8880)1.4935(0.2780)(0.4152)1.00005.6037(1.3720)(5.6092)4.4370(0.8260)(1.2336)1.0000 Septiembre152.35195.43325.06261.89934.72696.22238.510.04042,312,7180.1222(0.7619)(0.3211)0.12520.66100.25230.16671.0000(6.2330)(2.6271)1.02475.40742.06391.36421.0000 Diciembre649.902,926.47981.08(1,212.79)3,344.662,870.91473.750.13612,457,0850.5323(2.9218)(0.7018)1.57772.36800.06240.14781.0000(5.4889)(1.3185)2.96394.44860.11730.27771.00001985 Marzo4,210(5,355)3,5036,7259,084.357,9581,1260.81161,119,3121.06452.4759(0.7541)(2.3734)4.9623(0.5445)(2.7017)1.00002.3258(0.7084)(2.2295)4.6615(0.5115)(2.5380)1.0000 Junio3,3662,3397,48415,36828,557.7624,1234,4352.19651,300,122(0.0929)(0.8469)(0.4382)(0.9514)1.70640.16150.2757(1.0000)(9.1121)(4.7149)(10.2362)18.35961.73802.9657(1.0000) Septiembre136,351(334,763)84,714225,444111,746.2689,41122,3359.51691,174,1844.656711.8042(2.7043)(7.3562)3.3327(0.0969)(0.3228)1.00002.5349(0.5807)(1.5797)0.7157(0.0208)(0.0693)1.0000 Diciembre151,560(205,632)129,854125,411201,192.86173,81927,37311.25811,787,0980.1361(1.1556)(0.4039)0.89520.18300.52200.09551.0000(8.4905)(2.9680)6.57721.34423.83530.70171.00001986 Marzo321,587(293,159)149,54419,171197,142.77158,33838,80416.17001,219,1870.84510.4350(0.0979)0.52810.4363(0.3178)(0.1387)1.00000.5148(0.1158)0.62480.5163(0.3760)(0.1641)1.0000 Junio377,487(474,775)187,949151,215241,875.30199,96841,90717.63361,371,6730.28360.9212(0.1948)(0.6698)0.09050.12510.01131.00003.2489(0.6870)(2.3621)0.31920.44110.03991.0000 Septiembre599,667(610,741)234,82163,885287,631.42213,79673,83518.47401,556,9490.91860.5621(0.1938)0.36110.04770.13510.00641.00000.6120(0.2110)0.39310.05190.14700.00701.0000 Diciembre474,406(504,882)358,80755,834384,165.50294,37389,79318.68432,056,088(0.4355)(0.3680)(0.4311)0.02800.01140.32060.00360.01987 Marzo473,686(575,894)392,22796,920386,939.35283,778103,161019.51221,983,061(0.0019)0.1848(0.0870)(0.1069)0.0443(0.0355)(0.0016)0.0 Junio352,078(476,496)425,481135,810436,873.40301,948134,926019.84702,201,207(0.3143)(0.2569)(0.0859)(0.1005)0.01720.11000.00190.0 Septiembre449,396(518,089)483,72668,675483,708.06337,320146,388020.14912,400,6490.22280.0952(0.1333)0.15370.01520.09060.00141.00000.4274(0.5985)0.68990.06830.40670.00621.0000 Diciembre418,169(393,040)541,378(33,034)533,473.00397,498121,61014,36520.67642,580,102(0.0646)(0.2585)(0.1192)0.21030.02620.07480.00200.01988 Marzo332,712(615,865)632,749235,727.93585,324.51350,353153,92781,04421.15972,766,220(0.1602)0.4177(0.1713)(0.5038)0.02340.07210.00170.0 Junio449,166(790,849)751,036226,260635,612.88368,026182,61884,96922.93752,771,0680.19900.2990(0.2021)0.01620.08400.00180.00010.0 Septiembre487,554(841,906)801,162267,091713,901.96379,560194,517139,82424.33522,933,6210.06040.0803(0.0789)(0.0642)0.06090.05870.00360.0 Diciembre397,531(130,072)827,075(219,617)874,917.00526,082167,071181,76425.12293,482,546(0.1261)(0.9971)(0.0363)0.68180.03240.18710.00610.01989 Marzo82,85851,746930,868(213,964)851,508.00437,076233,447180,98525.59603,326,724(0.3597)(0.2078)(0.1186)(0.0065)0.0188(0.0447)(0.0008)0.0 Junio(75,021)173,9221,086,310(324,094)861,117.00450,375235,584175,15825.73873,345,607(0.1854)(0.1435)(0.1825)0.12930.00560.00570.00000.0 Septiembre(52,198)153,9921,163,209(376,818)888,185.00427,106246,401214,67827.66053,211,0180.02650.0231(0.0893)0.06120.0747(0.0402)(0.0030)0.0 Diciembre55,283421,0271,296,211(629,375)1,143,146.00500,299315,289327,55829.28393,903,6700.1210(0.3007)(0.1497)0.28440.05870.21570.01270.01990 Marzo302,605392,3631,374,314(791,561)1,277,721.00434,522843,199029.66544,307,1090.21640.0251(0.0683)0.14190.01300.10330.00130.0 Junio179,203394,3641,431,268(785,812)1,219,023.00484,680734,343030.52723,993,239(0.0966)(0.0016)(0.0446)(0.0045)0.0290(0.0729)(0.0021)0.0 Septiembre470,403322,2501,461,267(875,391)1,378,529.00504,184874,345031.78384,337,2090.23890.0592(0.0246)0.07350.04120.08610.00350.0 Diciembre448,480645,5101,496,968(1,095,847)1,495,111.00638,838433,991422,28234.55804,326,384(0.0159)(0.2345)(0.0259)0.15990.0873(0.0025)(0.0002)0.01991 Marzo698,429544,6141,553,905(1,158,074)1,638,874.00572,039453,868612,96736.90644,440,6190.16720.0675(0.0381)0.04160.06800.02640.00180.0 Junio825,619529,7361,579,464(1,183,201)1,751,618.00634,557546,253570,80837.66344,650,7210.07760.0091(0.0156)0.01530.02050.04730.00100.0 Septiembre1,020,999412,5281,575,263(1,184,172)1,824,618.00631,657588,556604,40538.53104,735,4580.11150.06690.00240.00060.02300.01820.00040.0 Diciembre749,210684,4861,610,345(1,152,569)1,891,472.00753,713657,331480,42839.57594,779,353(0.1490)(0.1490)(0.0192)(0.0173)0.02710.00930.00030.01992 Marzo953,615437,6841,645,172(1,257,750)1,778,721.00636,215708,380434,12641.71934,263,5400.10810.1305(0.0184)0.05560.0542(0.1079)(0.0058)0.0 Junio1,220,353326,8761,716,259(1,401,221)1,862,267.00731,843717,071413,35342.39334,392,8310.15000.0623(0.0400)0.08070.01620.03030.00050.0 Septiembre1,168,816397,9991,793,487(1,483,129)1,877,173.00710,737793,381373,05543.13214,352,146(0.0277)(0.0382)(0.0415)0.04400.0174(0.0093)(0.0002)0.0 Diciembre954,7581,936,2991,544,049(2,410,639)2,024,467.00886,991888,974248,50243.71524,631,038(0.1140)(0.8195)0.13290.49410.01350.06410.00090.01993 Marzo965,3832,156,4711,655,258(2,538,239)2,238,873.00810,5751,092,949335,34944.85904,990,9150.0052(0.1088)(0.0549)0.06300.02620.07770.00200.0 Junio1,020,9882,286,4841,608,034(2,700,701)2,214,805.00850,1381,069,201295,46645.66214,850,4190.0248(0.0581)0.02110.07260.0179(0.0282)(0.0005)0.0 Septiembre1,191,4512,356,8261,509,646(2,781,188)2,276,735.00821,6771,026,083428,97547.22604,820,9340.0770(0.0318)0.04440.03630.0342(0.0061)(0.0002)0.0 Diciembre1,657,7742,500,7221,483,456(3,002,580)2,639,372.001,033,6001,318,723287,04947.78425,523,5260.2048(0.0632)0.01150.09720.01180.14570.00170.01994 Marzo1,667,0462,423,6351,433,402(3,202,556)2,321,527.00945,3431,259,438116,74648.40264,796,2830.00350.02920.01900.07580.0129(0.1317)(0.0017)0.0 Junio2,019,2462,579,5431,440,148(3,591,256)2,447,681.00983,7191,372,06691,89649.17024,977,9810.1517(0.0672)(0.0029)0.16740.01590.03790.00060.0 Septiembre2,299,1712,461,7971,447,344(3,694,515)2,513,797.001,149,6331,311,34252,82250.54674,973,2120.11440.0481(0.0029)0.04220.0280(0.0010)(0.0000)0.0 Diciembre2,356,2102,599,4712,512,330(4,651,929)2,816,082.001,405,9901,354,28855,80451.85625,430,5590.0227(0.0548)(0.4237)0.38090.02590.09200.00240.01995 Marzo2,210,231895,9542,485,440(2,803,280)2,788,345.001,212,6971,307,959267,68953.06555,254,533(0.0518)0.60490.0095(0.6565)0.0233(0.0324)(0.0008)0.0 Junio2,191,741743,8732,689,104(2,714,062)2,910,656.001,378,2531,292,722239,68154.51665,339,026(0.0066)0.0545(0.0730)(0.0320)0.02730.01610.00040.0 Septiembre2,667,497235,5182,915,662(2,912,049)2,906,628.001,378,8041,121,357406,46755.29695,256,4020.16350.1747(0.0778)0.06800.0143(0.0155)(0.0002)0.0 Diciembre3,205,720258,2442,905,114(2,914,156)3,454,922.001,693,9861,411,252349,68458.37825,918,1720.1852(0.0078)0.00360.00070.05570.12590.00700.01996 Marzo3,663,202(575,323)3,056,354(3,060,343)3,083,890.001,322,2411,600,410161,23960.78395,073,5330.13240.2413(0.0438)0.04230.0412(0.1427)(0.0059)0.0 Junio4,305,434(1,008,087)3,044,358(2,951,153)3,390,552.001,464,0231,832,63893,89161.20365,539,7910.20830.14030.0039(0.0354)0.00690.09190.00060.0 Septiembre4,674,389(1,098,818)3,039,480(3,061,441)3,553,610.001,467,4361,967,772118,40362.63945,673,1190.10880.02680.00140.03250.02350.02410.00060.0 Diciembre4,925,289(908,025)2,969,492(2,995,067)3,991,689.001,795,7042,172,18823,79763.01976,334,0380.0706(0.0537)0.0197(0.0187)0.00610.11650.00070.01997 Marzo4,562,011(929,839)3,090,850(3,017,840)3,705,182.001,512,2092,160,19832,77562.98215,882,909(0.0910)0.0055(0.0304)0.0057(0.0006)(0.0712)0.00000.0 Junio5,441,035(1,264,007)2,994,650(2,957,012)4,214,666.001,801,5782,342,12670,96264.38486,546,0560.23720.09020.0260(0.0164)0.02230.11270.00250.0 Septiembre6,033,232(1,140,701)2,783,523(3,394,126)4,281,928.001,708,5722,528,35645,00064.94436,593,2350.1405(0.0293)0.05010.10370.00870.00720.00010.0 Diciembre5,714,012(455,159)2,896,439(3,414,368)4,740,923.042,050,2442,690,679067.26157,048,497(0.0746)(0.1601)(0.0264)0.00470.03570.06900.00250.01998 Marzo5,100,400(622,394)3,143,626(3,442,862)4,178,770.001,710,7652,468,005068.91236,063,900(0.1294)0.0353(0.0521)0.00600.0245(0.1397)(0.0034)0.0 Junio5,765,292(537,220)3,212,400(4,742,693)3,697,779.201,844,8071,582,638270,33469.47655,322,3420.1591(0.0204)(0.0165)0.31110.0082(0.1223)(0.0010)0.0 Septiembre5,749,303(659,529)3,040,561(4,944,564)3,185,771.001,847,5101,338,261069.61994,575,950(0.0043)0.03310.04650.05460.0021(0.1402)(0.0003)0.0 Diciembre5,997,643(440,209)3,089,706(5,078,714)3,568,426.002,183,1621,385,264070.21575,082,0910.0780(0.0688)(0.0154)0.04210.00860.11060.00090.01999 Marzo5,648,724(459,552)3,044,094(5,210,795)3,022,470.061,774,3961,219,52428,55070.28914,300,058(0.0978)0.00540.01280.03700.0010(0.1539)(0.0002)0.0 Junio5,797,730(582,763)3,355,022(5,268,597)3,301,392.231,766,8621,084,380450,15070.50164,682,7180.04930.0408(0.1029)0.01910.00300.08900.00030.0 Septiembre6,216,580(613,378)3,231,665(5,448,046)3,386,820.721,717,3731,095,061574,38671.43134,741,3700.12690.00930.03740.05440.01320.01250.00020.0 Diciembre6,659,599(311,004)3,375,461(5,434,794)4,289,261.482,157,8141,526,899604,54972.41595,923,0930.1308(0.0893)(0.0425)(0.0039)0.01380.24920.00340.02000 Marzo6,262,894-274,8303,269,755-5,509,2993,748,520.081,677,7011,407,158663,66173.54575,096,859(0.0925)(0.0084)0.02460.01740.0156(0.1395)(0.0022)0.0 Junio6,430,532-470,0353,244,481-5,704,3093,500,668.751,771,8421,160,978567,84973.47164,764,6560.04470.05210.00670.0520(0.0010)(0.0652)0.00010.0 Septiembre6,164,249-57,8932,860,018-5,419,5973,546,777.021,744,1781,310,174492,42475.66244,687,633(0.0761)(0.1177)0.1098(0.0813)0.0298(0.0162)(0.0005)0.0 Diciembre6,921,009328,6512,707,238-5,454,3804,502,518.842,175,2761,928,806398,43774.88676,012,4430.2134(0.1090)0.04310.0098(0.0103)0.2826(0.0029)0.02001 Marzo6,252,025440,9642,631,576-5,549,1133,775,452.051,764,5181,398,794612,14074.86665,042,906(0.1486)(0.0249)0.01680.0210(0.0003)(0.1613)0.00000.0 Junio6,915,568-91,7712,783,696-5,701,3143,906,179.081,901,5061,475,531529,14275.44175,177,7440.17580.1411(0.0403)0.04030.00770.02670.00020.0 Septiembre6,887,188225,2262,589,867-6,025,7283,676,552.381,871,1721,330,446474,93475.64434,860,317(0.0073)(0.0812)0.04960.08310.0027(0.0613)(0.0002)0.0 Diciembre7,337,142653,3012,617,547-5,779,4054,828,584.912,396,3582,058,818373,40875.57936,388,7660.1224(0.1164)(0.0075)(0.0670)(0.0009)0.3145(0.0003)0.02002 Marzo6,764,398310,9752,768,336-6,257,7113,585,997.981,956,1451,330,858298,99575.50294,749,485(0.1186)0.0709(0.0312)0.0991(0.0010)(0.2566)0.00030.0 Junio6,472,817834,9663,191,100-6,593,5073,905,374.532,040,5961,602,687262,09175.59295,166,325(0.0813)(0.1461)(0.1179)0.09360.00120.08780.00010.0 Septiembre6,769,837859,9162,711,291-5,938,3954,402,648.712,088,0872,210,089104,47376.42155,761,0040.0761(0.0064)0.1229(0.1677)0.01100.11510.00130.0 Diciembre6,386,7492,190,1372,500,686-6,290,4374,787,133.352,677,8681,966,231143,03477.42796,182,698(0.0870)(0.3021)0.04780.08000.01320.07320.00100.02003 Marzo5,525,0102,460,5322,544,043-6,240,1694,289,415.952,171,0331,709,720408,66377.61635,526,438(0.1800)(0.0565)(0.0091)(0.0105)0.0024(0.1061)(0.0003)0.0 Junio6,627,9541,902,9782,496,223-6,354,9424,672,212.962,389,1461,671,340611,72878.03265,987,5180.25710.13000.01110.02680.00540.08340.00040.0 Septiembre6,968,8991,913,5762,519,607-6,700,7584,701,324.142,450,9851,630,798619,54179.18665,937,0210.0730(0.0023)(0.0050)0.07400.0148(0.0084)(0.0001)0.0 Diciembre7,631,1092,262,4552,497,080-6,987,1675,403,477.453,193,0352,044,611165,83180.47766,714,2600.1409(0.0742)0.00480.06090.01630.13090.00210.02004 Marzo7,004,2802,026,5292,611,810-7,089,0524,553,567.842,494,3791,584,205474,98480.91355,627,702(0.1160)0.0437(0.0212)0.01890.0054(0.1618)(0.0009)0.0 Junio (3)6,373,6492,149,5512,473,964-6,314,2014,682,962.642,777,0631,551,728354,17281.86795,720,144(0.1385)(0.0270)0.0303(0.1702)0.01180.01640.00020.0 Septiembre7,585,8261,888,4052,169,959-6,644,8714,999,320.402,995,9451,290,087713,28882.56776,054,8150.25880.05580.06490.07060.00850.05850.00050.0 Diciembre9,031,3381,905,0312,182,130-6,814,2306,304,268.773,865,3811,903,837535,05184.19917,487,3390.2891(0.0033)(0.0024)0.03390.01980.23660.00470.02005 Marzo8,366,3251,594,6552,078,737-6,783,9575,255,760.823,214,6771,570,101470,98285.53286,144,735(0.1055)0.04920.0164(0.0048)0.0158(0.1793)(0.0028)0.0 Junio9,396,6511,194,8232,091,504-7,019,7025,663,275.333,670,0321,582,889410,35587.10696,501,5250.19600.0761(0.0024)0.04490.01840.05810.00110.0 Septiembre11,148,344684,8452,075,237-7,459,6536,448,773.864,255,1161,547,721645,93687.13687,400,7480.30930.09010.00290.07770.00030.13830.00000.0 Diciembre13,713,293688,0912,071,439-7,880,0258,592,798.205,594,2012,288,506710,09188.33209,727,8450.3977(0.0005)0.00060.06520.01370.31440.00430.02006 Marzo16,051,614-3,092,5502,106,930-6,871,2648,194,730.975,009,1202,099,8891,085,72188.71819,236,8190.27210.4400(0.0041)(0.1174)0.0044(0.0505)(0.0002)0.0 Junio19,693,619-5,224,2172,104,662-7,097,1849,476,880.075,825,6572,332,4621,318,76190.143810,513,0730.44440.26010.00030.02760.01610.13820.00220.0 Septiembre22,937,481-7,524,6502,017,884-7,405,02010,025,693.576,338,1242,301,3341,386,23690.895411,029,9210.34230.24270.00920.03250.00830.04920.00040.0 Diciembre25,209,363-6,146,7392,015,643-7,928,16513,150,102.388,012,0313,215,0751,922,99792.700114,185,6330.2266(0.1374)0.00020.05220.01990.28610.00570.02007 Marzo27,872,894-8,373,8631,993,352-8,053,08013,439,302.377,746,7172,629,4233,063,16295.096014,132,3490.20250.16940.00170.00950.0258(0.0038)(0.0001)0.0 Junio30,542,296-9,203,2862,035,691-8,082,41015,292,291.708,738,2732,707,2463,846,77396.088415,914,8170.19860.0617(0.0032)0.00220.01040.12610.00130.0 Septiembre36,564,980-9,870,9171,929,687-8,657,98919,965,761.6110,449,8713,286,3136,229,578100.419819,882,3020.39380.04370.00690.03760.04510.24930.01120.0 Diciembre40,266,643-8,061,8032,118,621-9,217,18525,106,275.8613,117,4594,340,8347,647,982103.570624,240,7390.1854(0.0906)(0.0095)0.02800.03140.21920.00690.02008 Marzo46,116,178-10,573,5802,049,594-9,188,38828,403,804.6712,680,0254,092,98711,630,793108.487026,181,7500.23300.10000.0027(0.0011)0.04750.08010.00380.0 Junio50,703,496-11,849,8741,766,683-7,043,29933,577,006.6014,521,8464,440,42814,614,732112.733829,784,3400.16150.04490.0100(0.0755)0.03910.13760.00540.0 Septiembre54,597,025-13,948,7371,713,620-5,699,36836,662,540.0815,514,6415,049,68816,098,211114.994431,882,0260.11600.06250.0016(0.0400)0.02010.07040.00140.0 Diciembre53,822,520-11,931,8581,681,223-5,817,07737,754,808.7215,807,4246,485,07615,462,308115.843232,591,300(0.0211)(0.0550)0.00090.00320.00740.02220.00020.02009 Marzo54,121,842-13,994,0981,668,654-6,099,35935,697,037.5013,713,7096,106,77315,876,555115.607830,877,7190.00790.05460.00030.0075(0.0020)(0.0526)0.00010.0 Junio55,450,855-15,645,0751,659,002-6,180,25535,284,526.2014,029,7227,016,57514,238,229115.121130,649,9320.03720.04620.00030.0023(0.0042)(0.0074)0.00000.0 Septiembre58,920,585-15,842,0181,377,464-8,156,11036,299,919.7614,321,0789,985,14311,993,699115.734931,364,7000.09830.00560.00800.05600.00530.02330.00010.0 Diciembre59,803,316-12,037,8621,363,711-8,644,19140,484,974.1217,079,53712,488,55410,916,883116.148934,856,0900.0243(0.1048)0.00040.01340.00360.11130.00040.0(1) CLB (CD's + Letras del Tesoro + Bonos) . SRD Servicio Restringido de Depsitos.(2) A partir de mayo de 1998, parte del encaje requerido por depsitos en moneda extranjera y con mantenimiento de valor se constituye en ttulos en el exterior. stos no forman parte de las reservas bancarias en el BCB.(3) Devolucin de los activos y pasivos al TGN, de la lnea 1925 BO.FUENTE: Banco Central de Bolivia.

Hoja1CAPTULO IV Sector Monetario y FinancieroCUADRO No. 4.1.1


BASE MONETARIA (B )O R I G E N D E S T I N O

SaldosRESERVASCRED. NETOCRDITOOTRAS BILL. Y MON.RESERVASCLB yfines de :INTERNAC.AL SECTORACUENTASEN PODERBANCARIASSRD (1)NETASPBLICOBANCOSNETASDEL PBLICO(R )

IPCb1980 Marzo(1.41)10.333.36(1.57)10.716.993.710.00024543859.51030429 Junio(1.94)11.933.57(1.44)12.128.473.650.00034690778.92836437 Septiembre(0.14)10.573.93(0.89)13.478.914.560.00035090736.6345085 Diciembre(2.49)12.573.98(0.32)13.749.464.280.00034887267.781172071981 Marzo(3.06)11.674.11(0.55)12.188.014.170.00033791720.13794531 Junio(4.85)12.814.77(0.99)11.748.213.530.00033567891.77100251 Septiembre(5.01)15.015.55(1.15)14.399.185.210.00044087448.60187487 Diciembre(6.39)16.054.771.7616.2010.855.340.00044603516.86833551982 Marzo(10.50)15.233.9310.4419.1112.276.830.00054219873.58015236 Junio(9.90)19.055.5111.6026.2717.239.040.00064730791.34470661 Septiembre(2.88)31.547.920.9737.5627.699.870.00103949622.38485193 Diciembre(67.21)81.4621.0428.4363.7338.9024.830.00144567986.550569081983 Marzo13.0879.2323.38(41.16)74.5346.6427.890.00174307940.78036185 Junio10.91101.4625.25(40.88)96.7556.2940.450.00214576920.32129285 Septiembre9.90125.3827.70(39.96)123.0268.7854.250.00343606746.1358241 Diciembre(35.35)275.8154.05(99.67)194.84124.7670.080.00603259506.798094291984 Marzo13.39323.9065.47(153.13)249.63177.5972.040.00982557998.70600755 Junio97.42(146.95)180.75318.17449.39342.35107.040.02431846812.04515527 Septiembre152.35195.43325.06261.89934.72696.22238.510.04042312718.41367032 Diciembre649.902,926.47981.08(1,212.79)3,344.662,870.91473.750.13612457085.482690541985 Marzo4,210(5,355)3,5036,7259,084.357,9581,1260.81161119311.63425501 Junio3,3662,3397,48415,36828,557.7624,1234,4352.19651300121.71594813 Septiembre136,351(334,763)84,714225,444111,746.2689,41122,3359.51691174183.81478279 Diciembre151,560(205,632)129,854125,411201,192.86173,81927,37311.25811787098.178121771986 Marzo321,587(293,159)149,54419,171197,142.77158,33838,80416.17001219186.59647257 Junio377,487(474,775)187,949151,215241,875.30199,96841,90717.63361371672.56523675 Septiembre599,667(610,741)234,82163,885287,631.42213,79673,83518.47401556949.46168125 Diciembre474,406(504,882)358,80755,834384,165.50294,37389,79318.68432056088.292374561987 Marzo473,686(575,894)392,22796,920386,939.35283,778103,161019.51221983060.97040672 Junio352,078(476,496)425,481135,810436,873.40301,948134,926019.84702201206.98953461 Septiembre449,396(518,089)483,72668,675483,708.06337,320146,388020.14912400649.08840075 Diciembre418,169(393,040)541,378(33,034)533,473.00397,498121,61014,36520.67642580102.360758331988 Marzo332,712(615,865)632,749235,727.93585,324.51350,353153,92781,04421.15972766220.4145017 Junio449,166(790,849)751,036226,260635,612.88368,026182,61884,96922.93752771067.78816037 Septiembre487,554(841,906)801,162267,091713,901.96379,560194,517139,82424.33522933620.82817644 Diciembre397,531(130,072)827,075(219,617)874,917.00526,082167,071181,76425.12293482545.549113571989 Marzo82,85851,746930,868(213,964)851,508.00437,076233,447180,98525.59603326724.08444357 Junio(75,021)173,9221,086,310(324,094)861,117.00450,375235,584175,15825.73873345607.48818586 Septiembre(52,198)153,9921,163,209(376,818)888,185.00427,106246,401214,67827.66053211017.69387203 Diciembre55,283421,0271,296,211(629,375)1,143,146.00500,299315,289327,55829.28393903670.420862041990 Marzo302,605392,3631,374,314(791,561)1,277,721.00434,522843,199029.66544307109.46603751 Junio179,203394,3641,431,268(785,812)1,219,023.00484,680734,343030.52723993239.32266959 Septiembre470,403322,2501,461,267(875,391)1,378,529.00504,184874,345031.78384337208.71309326 Diciembre448,480645,5101,496,968(1,095,847)1,495,111.00638,838433,991422,28234.55804326384.103680441991 Marzo698,429544,6141,553,905(1,158,074)1,638,874.00572,039453,868612,96736.90644440619.02368812 Junio825,619529,7361,579,464(1,183,201)1,751,618.00634,557546,253570,80837.66344650721.12236815 Septiembre1,020,999412,5281,575,263(1,184,172)1,824,618.00631,657588,556604,40538.53104735458.32097506 Diciembre749,210684,4861,610,345(1,152,569)1,891,472.00753,713657,331480,42839.57594779353.470004671992 Marzo953,615437,6841,645,172(1,257,750)1,778,721.00636,215708,380434,12641.71934263540.25108432 Junio1,220,353326,8761,716,259(1,401,221)1,862,267.00731,843717,071413,35342.39334392831.12092917 Septiembre1,168,816397,9991,793,487(1,483,129)1,877,173.00710,737793,381373,05543.13214352145.78315261 Diciembre954,7581,936,2991,544,049(2,410,639)2,024,467.00886,991888,974248,50243.71524631037.982174251993 Marzo965,3832,156,4711,655,258(2,538,239)2,238,873.00810,5751,092,949335,34944.85904990915.27399086 Junio1,020,9882,286,4841,608,034(2,700,701)2,214,805.00850,1381,069,201295,46645.66214850419.3246034 Septiembre1,191,4512,356,8261,509,646(2,781,188)2,276,735.00821,6771,026,083428,97547.22604820933.87377786 Diciembre1,657,7742,500,7221,483,456(3,002,580)2,639,372.001,033,6001,318,723287,04947.78425523526.495607841994 Marzo1,667,0462,423,6351,433,402(3,202,556)2,321,527.00945,3431,259,438116,74648.40264796283.39586031 Junio2,019,2462,579,5431,440,148(3,591,256)2,447,681.00983,7191,372,06691,89649.17024977981.19177691 Septiembre2,299,1712,461,7971,447,344(3,694,515)2,513,797.001,149,6331,311,34252,82250.54674973212.47014952 Diciembre2,356,2102,599,4712,512,330(4,651,929)2,816,082.001,405,9901,354,28855,80451.85625430559.310280171995 Marzo2,210,231895,9542,485,440(2,803,280)2,788,345.001,212,6971,307,959267,68953.06555254533.41545821 Junio2,191,741743,8732,689,104(2,714,062)2,910,656.001,378,2531,292,722239,68154.51665339026.18129765 Septiembre2,667,497235,5182,915,662(2,912,049)2,906,628.001,378,8041,121,357406,46755.29695256401.62827274 Diciembre3,205,720258,2442,905,114(2,914,156)3,454,922.001,693,9861,411,252349,68458.37825918172.345768941996 Marzo3,663,202(575,323)3,056,354(3,060,343)3,083,890.001,322,2411,600,410161,23960.78395073533.41154449 Junio4,305,434(1,008,087)3,044,358(2,951,153)3,390,552.001,464,0231,832,63893,89161.20365539791.0471239 Septiembre4,674,389(1,098,818)3,039,480(3,061,441)3,553,610.001,467,4361,967,772118,40362.63945673118.61905805 Diciembre4,925,289(908,025)2,969,492(2,995,067)3,991,689.001,795,7042,172,18823,79763.01976334037.754355331997 Marzo4,562,011(929,839)3,090,850(3,017,840)3,705,182.001,512,2092,160,19832,77562.98215882909.48290214 Junio5,441,035(1,264,007)2,994,650(2,957,012)4,214,666.001,801,5782,342,12670,96264.38486546055.9517339 Septiembre6,033,232(1,140,701)2,783,523(3,394,126)4,281,928.001,708,5722,528,35645,00064.94436593234.58436924 Diciembre5,714,012(455,159)2,896,439(3,414,368)4,740,923.042,050,2442,690,679067.26157048497.179096211998 Marzo5,100,400(622,394)3,143,626(3,442,862)4,178,770.001,710,7652,468,005068.91236063899.79253844 Junio5,765,292(537,220)3,212,400(4,742,693)3,697,779.201,844,8071,582,638270,33469.47655322342.49750852 Septiembre5,749,303(659,529)3,040,561(4,944,564)3,185,771.001,847,5101,338,261069.61994575950.45302774 Diciembre5,997,643(440,209)3,089,706(5,078,714)3,568,426.002,183,1621,385,264070.21575082090.698230251999 Marzo5,648,724(459,552)3,044,094(5,210,795)3,022,470.061,774,3961,219,52428,55070.28914300058.14427907 Junio5,797,730(582,763)3,355,022(5,268,597)3,301,392.231,766,8621,084,380450,15070.50164682718.07541581 Septiembre6,216,580(613,378)3,231,665(5,448,046)3,386,820.721,717,3731,095,061574,38671.43134741370.20441595 Diciembre6,659,599(311,004)3,375,461(5,434,794)4,289,261.482,157,8141,526,899604,54972.41595923092.79173152000 Marzo6,262,894-274,8303,269,755-5,509,2993,748,520.081,677,7011,407,158663,66173.54575096858.66266517 Junio6,430,532-470,0353,244,481-5,704,3093,500,668.751,771,8421,160,978567,84973.47164764656.01280078 Septiembre6,164,249-57,8932,860,018-5,419,5973,546,777.021,744,1781,310,174492,42475.66244687632.85921434 Diciembre6,921,009328,6512,707,238-5,454,3804,502,518.842,175,2761,928,806398,43774.88676012443.256334112001 Marzo6,252,025440,9642,631,576-5,549,1133,775,452.051,764,5181,398,794612,14074.86665042905.59233838 Junio6,915,568-91,7712,783,696-5,701,3143,906,179.081,901,5061,475,531529,14275.44175177744.31765481 Septiembre6,887,188225,2262,589,867-6,025,7283,676,552.381,871,1721,330,446474,93475.64434860316.97362493 Diciembre7,337,142653,3012,617,547-5,779,4054,828,584.912,396,3582,058,818373,40875.57936388766.410692992002 Marzo6,764,398310,9752,768,336-6,257,7113,585,997.981,956,1451,330,858298,99575.50294749485.28218851 Junio6,472,817834,9663,191,100-6,593,5073,905,374.532,040,5961,602,687262,09175.59295166325.25740244 Septiembre6,769,837859,9162,711,291-5,938,3954,402,648.712,088,0872,210,089104,47376.42155761004.4959503 Diciembre6,386,7492,190,1372,500,686-6,290,4374,787,133.352,677,8681,966,231143,03477.42796182698.379399952003 Marzo5,525,0102,460,5322,544,043-6,240,1694,289,415.952,171,0331,709,720408,66377.61635526437.84058753 Junio6,627,9541,902,9782,496,223-6,354,9424,672,212.962,389,1461,671,340611,72878.03265987517.88201336 Septiembre6,968,8991,913,5762,519,607-6,700,7584,701,324.142,450,9851,630,798619,54179.18665937021.38752959 Diciembre7,631,1092,262,4552,497,080-6,987,1675,403,477.453,193,0352,044,611165,83180.47766714260.221563512004 Marzo7,004,2802,026,5292,611,810-7,089,0524,553,567.842,494,3791,584,205474,98480.91355627701.77989187 Junio (3)6,373,6492,149,5512,473,964-6,314,2014,682,962.642,777,0631,551,728354,17281.86795720143.91565459 Septiembre7,585,8261,888,4052,169,959-6,644,8714,999,320.402,995,9451,290,087713,28882.56776054814.63410541 Diciembre9,031,3381,905,0312,182,130-6,814,2306,304,268.773,865,3811,903,837535,05184.19917487339.182793972005 Marzo8,366,3251,594,6552,078,737-6,783,9575,255,760.823,214,6771,570,101470,98285.53286144734.89243292 Junio9,396,6511,194,8232,091,504-7,019,7025,663,275.333,670,0321,582,889410,35587.10696501524.92629712 Septiembre11,148,344684,8452,075,237-7,459,6536,448,773.864,255,1161,547,721645,93687.13687400748.38023539 Diciembre13,713,293688,0912,071,439-7,880,0258,592,798.205,594,2012,288,506710,09188.33209727845.098890592006 Marzo16,051,614-3,092,5502,106,930-6,871,2648,194,730.975,009,1202,099,8891,085,72188.71819236818.85458276 Junio19,693,619-5,224,2172,104,662-7,097,1849,476,880.075,825,6572,332,4621,318,76190.143810513072.6255078 Septiembre22,937,481-7,524,6502,017,884-7,405,02010,025,693.576,338,1242,301,3341,386,23690.895411029920.6394928 Diciembre25,209,363-6,146,7392,015,643-7,928,16513,150,102.388,012,0313,215,0751,922,99792.700114185632.86644942007 Marzo27,872,894-8,373,8631,993,352-8,053,08013,439,302.377,746,7172,629,4233,063,16295.096014132348.8869983 Junio30,542,296-9,203,2862,035,691-8,082,41015,292,291.708,738,2732,707,2463,846,77396.088415914816.6116026 Septiembre36,564,980-9,870,9171,929,687-8,657,98919,965,761.6110,449,8713,286,3136,229,578100.419819882302.0069542 Diciembre40,266,643-8,061,8032,118,621-9,217,18525,106,275.8613,117,4594,340,8347,647,982103.570624240738.78299952008 Marzo46,116,178-10,573,5802,049,594-9,188,38828,403,804.6712,680,0254,092,98711,630,793108.487026181750.0004076 Junio50,703,496-11,849,8741,766,683-7,043,29933,577,006.6014,521,8464,440,42814,614,732112.733829784340.2349195 Septiembre54,597,025-13,948,7371,713,620-5,699,36836,662,540.0815,514,6415,049,68816,098,211114.994431882025.9879629 Diciembre53,822,520-11,931,8581,681,223-5,817,07737,754,808.7215,807,4246,485,07615,462,308115.843232591300.05687642009 Marzo54,121,842-13,994,0981,668,654-6,099,35935,697,037.5013,713,7096,106,77315,876,555115.607830877718.652781 Junio55,450,855-15,645,0751,659,002-6,180,25535,284,526.2014,029,7227,016,57514,238,229115.121130649932.3500335 Septiembre58,920,585-15,842,0181,377,464-8,156,11036,299,919.7614,321,0789,985,14311,993,699115.734931364700.0854812 Diciembre59,803,316-12,037,8621,363,711-8,644,19140,484,974.1217,079,53712,488,55410,916,883116.148934856090.0494337(1) CLB (CD's + Letras del Tesoro + Bonos) . SRD Servicio Restringido de Depsitos.(2) A partir de mayo de 1998, parte del encaje requerido por depsitos en moneda extranjera y con mantenimiento de valor se constituye en ttulos en el exterior. stos no forman parte de las reservas bancarias en el BCB.(3) Devolucin de los activos y pasivos al TGN, de la lnea 1925 BO.FUENTE: Banco Central de Bolivia.