Bolivian Bonds Jump After Senate Approves Bill to Monetize Gold
- Approval is a key step to ease Bolivia’s dollar shortage
- Opposition calls the bill a patch for Arce to remain in power
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Bolivian bonds jumped after the country’s Senate approved late Thursday a central bank bill that would allow the government to monetize its gold reserves, a key step to ease a dollar shortage and tame a growing financial crisis.
After a long debate, lawmakers passed the bill through the two required rounds of votes. It now goes to President Luis Arce for his signature to turn it into law.