Bolivian reserves reaching critical levels, say experts

Central bank is depleting gold stocks to pay debt while monetary financing continues

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

Bolivia may be running very low on foreign exchange, which would endanger its ability to defend its currency peg, experts tell Central Banking.

A recent report details how the central bank is running down gold holdings to pay down state debts.

The Central Bank of Bolivia (BCB) has not published regular information about the reserves in several months. The BCB’s last weekly update covered the week to February 8, and reported the reserves held $3.54 billion, including $2.59 billion in gold.


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