Get all your news in one place.
100's of premium titles.
One app.
Start reading
Reuters
Reuters
Business

Bolivian senate approves 'gold law' aimed at bolstering foreign reserves

Bolivia's senate early on Friday morning gave final approval to a so-called "gold law" aimed at strengthening the country's foreign currency reserves.

The legislation, which was supported by the ruling party and allows the central bank to monetize its gold reserves, will now be sent to President Luis Arce to sign into law within 10 days.

Fears over a shortage of dollars in recent months have fanned broader worries over an economic crisis in Bolivia, where foreign currency reserves have been falling for years and where the local currency is pegged to the greenback.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.