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Bolivia's central bank keeps selling gold it doesn't quite have yet
Bolivia Raises $589 Million Against Future Gold Deliveries
By Sergio Mendoza
Bloomberg News
Wednesday, September 10, 2025
Dollar-strapped Bolivia is relying on increasingly sophisticated operations to raise hard currency that it can use to pay its foreign debt.
In recent months the Bolivian central bank has raised $589 million against the delivery in a year's time of 5.4 tons of gold, it said in a report published this month.
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The futures contracts are just the latest gold operations launched by the central bank, which has been buying bullion in local currency from small domestic producers and flipping it for badly needed dollars.
Bloomberg reported this year how the operations allowed Bolivia to raise more than $3 billion, despite potential negative environmental impacts in places like the Amazon rainforest where much of the gold is sourced from. ...
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