- Bolivia turns to crypto as dollar shortage disrupts fuel import payments
- Fuel subsidy cuts and crypto adoption spark economic uncertainty and public unrest
- Government militarizes fuel distribution as shortages and protests escalate
Bolivia is taking a radical step to combat a severe dollar shortage. The state-run energy company, Yacimientos Petrolíferos Fiscales Bolivianos (YPFB), is switching to crypto to pay for fuel imports.
This bold decision aims to keep fuel subsidies afloat and ensure a stable supply of gasoline and diesel. But the bigger question is: could this signal a wider trend?
Dollar Shortage Triggers Crisis
Bolivia’s foreign currency reserves have dried up, largely due to a sharp decline in natural gas exports. The nation, once a regional energy powerhouse, now depends on imported fuel.
Importing that fuel, however, has become a nightmare. The central bank is struggling to maintain its currency reserves, causing fuel shortages, long lines at gas stations, and growing public unrest.
Crypto: A Risky Lifeline?
Desperate for a solution, the Bolivian government has authorized the use of digital assets for international transactions.…
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