Bolivia peso to gain 3.5% in US dollar futures, dollar futures trading site says

Bolivian peso has gained 3.4% against the U.S. dollar on Thursday after the Central Bank announced a $500 billion (US$470 billion) stimulus package.

The bolivian currency was trading at 9,944.23 bolivars at 5:45 a.m. in New York at the US Exchange, the highest since February, according to the US Dollar Calculator.

The currency has gained more than 2% against a basket of other currencies this week.

The Central Bank is expected to provide details on the program on Thursday.

The United States is the only country that offers bolivias foreign exchange contracts, but the bolivi has gained much of its value over the last year as foreign reserves have plummeted.

The US has withdrawn most of its foreign exchange reserves since the start of the crisis.