In Bolivia, the Senate adopted, Friday, May 5, after long hours of debate a law allowing its central bank to sell its gold reserves. Ten years ago, the Andean country held more than $15,000 million in its international reserves.
Today they have fallen to 3,500 million. According to the government, this shortage of cash is linked to the rise in fuel prices since the beginning of the war in Ukraine. To replace these quantities of gold transformed into banknotes, the Minister of Finance announced that they would buy some directly from local Bolivian producers.