Bolivian

Bolivian bonds surged after the Senate approved a bill allowing the government to monetize its gold reserves, addressing the USD shortage, and alleviating the financial crisis. The bill, which now awaits president Luis Arce’s signature, permits the central bank to conduct transactions with its gold reserves in international markets, generating additional dollars to strengthen its financial position. Bolivian dollar bonds saw significant gains on Friday, with 2028 notes rising 1.5 cents to 58 cents on the USD. The central bank stopped reporting reserve data in February when it stood at around USD 3.5 bln, with $2.6 billion in gold, suggesting only gold remains.