LatinNews Daily - 09 May 2023

In brief: Bolivia’s senate approves gold bill

* Bolivia’s senate has approved a bill that would enable the central bank (BCB) to purchase gold directly from local producers, which could then be sold for hard currency to help the BCB to shore up its dwindling international reserves. The BCB would be required to maintain minimum gold reserves of 22 tonnes and provide congress with triannual reports on its gold transactions. With the bill having already been approved by the lower chamber on 23 April, it now passes to President Luis Arce for promulgation.

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