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Central banksMay 17 2023

Banco Central de Bolivia faces up to liquidity crisis

Bolivia’s central bank president, Edwin Rojas, talks to The Banker about how the bank is tackling a sharp fall in foreign currency reserves.
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Banco Central de Bolivia faces up to liquidity crisis

Q: The Banco Central de Bolivia (BCB) has seen its international reserves dwindle since 2014. How can this problem be addressed?

A: The decrease is the result of several factors, some of which are international and affect other countries. For example, the increase in energy prices has put pressure on reserves as Bolivia has long subsidised the price of fuel in the domestic market.

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Barbara Pianese is the Latin America editor at The Banker. She joined from Mergermarket, where she spent four years covering mergers and acquisitions across Europe with a focus on the consumer sector. She holds an MA in International and Diplomatic Affairs from the University of Bologna having studied in Brazil and France as well.
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