Can Bolivia Access Enough Crypto Pay for Needed Fuel? por Asistente legal | Mar 26, 2025 | Artículos Can Bolivia Access Enough Crypto to pay for needed fuel? Our partner Mauricio Becerra de la Roca Donoso contributed with other analysts on this topic for The Dialogue Latin America Advisor: “For several years, there have been warnings about the constant decline in Bolivia’s international reserves, which have dropped to less than $2 billion from their peak of more than $15 billion in 2015, according to data from the beginning of this year. Of this amount, there is only $46.8 million in liquid resources. This situation places Bolivia in a critical position, especially because it threatens fuel imports. The government has attempted to address the crisis with increased external financing, though this has not provided a structural solution. The recent authorization for the use of cryptocurrencies by public entities and state-owned companies seems like an insufficient and supplementary measure within a plan to reduce state spending in U.S. dollars. This is particularly notable considering that until last year, there was an explicit ban on the use of crypto assets in Bolivia. The Ministry of Economy has approved regulations regarding the operational aspects of acquiring and transferring crypto assets in public entities and companies, which state that these assets must be acquired from a ‘Virtual Asset Provider’ and paid for in bolivianos. These conditions suggest that this measure will not significantly solve the country’s economic problems. According to data from the Central Bank of Bolivia, the trading of crypto assets in the country, which occurs in bolivianos, averages $15 million per month. This means that even if the state were a major player in this market, the resources would be limited, especially since the boliviano continues to lose value day by day, with a gap of at least 70 percent between the official exchange rate and the parallel exchange rate.” Clic aquí para ver el artículo
