Macroeconomy/Finance

International reserves fell $2.2 bn in 2019 and are at their lowest level since 2008

Bolivia’s international reserves are at their lowest levels since 2008, falling from $8.9 billion in December 2018 to $6.7 billion as of 7 November 2019. At the end of 2008, Bolivia’s international reserves reached $7.7 billion. The decline in reserves is the result of the country’s trade deficit, according to economic analyst Rene Martinez from the Jubileo Foundation.

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Source: El Deber