Bolivian ex-governor calls opposition audit request ‘nonsense’

Most central bank gold reserves are held outside country, Morales says

Banco Central de Bolivia
Central Bank of Bolivia, La Paz
Photo: Rachael King

A former governor of the Bolivian central bank has criticised a call by 10 opposition politicians to inspect the gold reserves in its vaults.

The legislators sent their request to the Central Bank of Bolivia (BCB) in late August. The central bank replied on September 1, saying that a formal response had to come from the finance ministry.

Juan Antonio Morales, the BCB’s governor from 1995 to 2006, tells Central Banking the request is “a nonsense”. Morales says almost all of Bolivia’s gold is

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