Bolivia finance minister noted that the country’s central bank is rebuilding its international reserves to address a “transitory” liquidity problem. The minister did not disclose the current level but stated that FX reserves increased recently. Bolivia’s FX have been declining since 2014 as the country became a net energy importer, leading the central bank to spend its reserves to defend its currency peg of close to 7 per USD. As of February 8, Bolivia had USD 3.5 bln in FX reserves, of which USD 372 mln was in cash. In recent weeks, large queues have formed outside the central bank as dollars run low in banks and currency exchange shops. Meanwhile, Bolivian president Luis Arce has ruled out currency devaluation.