Bolivia scraps gold export certificates to retain foreign currency

Bolivia has changed the rules for gold trade so that exports bring more dollars back to the country's banks, Bloomberg Línea reported on its Instagram account on October 15, 2026.

The government of Rodrigo Paz has eliminated the requirement to obtain certificates from the Central Bank to export the precious metal. In exchange, the new rules require that at least 80% of the revenue from these sales be deposited in domestic financial institutions.

The reform seeks to revive the sector's exports, which fell sharply from more than $3 billion in 2022 to $1.1 billion last year, according to data published by the outlet.

The requirement to channel foreign currency through the domestic financial system aims to ease the shortage of hard currency in the Andean country, a problem that has strained the liquidity of local banks in recent months.