They question the existence of International Reserves | Ponen en duda la existencia de Reservas Internacionales

El Diario:

The amount of reserves in dollars is unknown to date.
La cantidad de reservas en dólares se desconoce a la fecha. Foto ANF

According to information from the Central Bank of Bolivia (BCB), until August the reserve figure reached 2,147 million dollars; but the amount closed until December 2023 is unknown. Economists doubt the existence of the Net International Reserves (RIN), indicating that they no longer exist, since the lack of transparency and information causes more uncertainty.

In interviews with the media, economists Jaime Dunn and Gabriel Espinoza questioned the existence of reserves, since the information is delayed by more than three months.

As the latest data, it was indicated that as of August the figure would be 2.1147 million dollars; but the tendency towards the use of reserves by the State and the lack of information, on social networks those who understand the matter already estimated that the amount would be around 1,800 in November.

«Until 2022 the economy had a strong infection. 2023 is the year of intense fever: There are no dollars, no reserves. There is a parallel dollar. 2024 could be worse. We know what happens when the fever is not treated in time,” Dunn said on Radio San Andrés.

Meanwhile, Espinoza in an interview with Red Uno almost agreed with Dunn on the issue of reserves, expressing his doubts about their provision for the national economy.

OFFICIAL

On December 6, the BCB informed the public that, within the framework of its constitutional powers and Law No. 1670, it contributes to the efforts of the national government to maintain a favorable performance of the economy with growth, income redistribution and stability, allowing you to successfully confront an adverse external and internal context.

Likewise, he pointed out that the level reached by the RIN as of August of the current administration ($2,147 million) is mainly explained by the failure to make investments in exploration or production in the hydrocarbon sector, which caused a decrease in current production. , implying lower foreign exchange income to the country.

Despite this, in order to protect the purchasing power of the population, the subsidy for diesel and gasoline was maintained.

Likewise, other factors that generated pressure on the RIN were the timely payment of the external public debt service despite the increase in interest rates at the international level, the blockage suffered in the Plurinational Legislative Assembly with the non-approval of external credits, and the policy of strengthening the productive sector through the implementation of the zero tariff for the import of capital goods (Law No. 1391).

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