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Bolivia's lower house passes gold purchase bill to boost reserves
From Reuters
Friday, April 21, 2023
LA PAZ, Bolivia -- Bolivia's lower house of Congress passed a bill early today to purchase gold from miners in an attempt to boost the central bank's foreign reserves as fears over a shortage of dollars rippled through the country.
In a controversial vote that carried on through the night, the bill failed to pass by majority vote, with more than a third of the house abstaining.
House leader Jerges Mercado, of the ruling MAS party, scrapped the abstentions to declare the 54 votes in favor, vs. 24 against, as sufficient to declare the bill's success.
The bill must still be passed by the Senate and signed into law by President Luis Arce, who has supported the measure. ...
... For the remainder of the report:
https://www.reuters.com/article/bolivia-gold-idAFL1N36O1B8
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