On May 5, the Bolivian parliament passed a decree allowing the country’s central bank to sell 21 tons of gold reserves (approximately 1.26 billion U.S. dollars), and the proceeds will be used to pay the country’s imminent foreign debt and stabilize the country’s exchange rate.
This decree stipulates that Bolivia must hold at least 22 tons of gold as a strategic reserve and cannot sell it, and allows the Bolivian central bank to buy gold from the domestic market.