*Bolivia’s central bank (BCB) has announced that its net international reserves stood at US$1.98bn at the end of 2024, up from US$1.71bn at the end of 2023 but down from US$3.80bn at the end of 2022. Bolivia has been grappling with low reserves of US dollars since early 2023, and the country’s net reserves consist overwhelmingly of gold, which accounted for US$1.89bn of the US$1.98bn total in December 2024 – up from US$1.86bn the previous month. By contrast, foreign currency reserves totalled US$46.8m in December, down sharply from US$147m the previous month. The remainder of Bolivia’s reserves consisted of credit from the International Monetary Fund (IMF).
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LatinNews Daily - 3 January 2025
In brief: Bolivia’s international reserves under pressure
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