Bolivia declares state of emergency as currency plunges amid protests
Bolivia's President Paz declared a state of emergency after 50 days of protests against his policies, Al Jazeera reported. The country's currency has plunged and public anger is mounting.
Bolivia's President Paz has declared a state of emergency after 50 days of protests against his policies, Al Jazeera reported. The country's currency has fallen sharply, and access to basic goods has become more difficult.
Protesters have complained about the rising cost of living and shortages of foreign currency. According to the report, long queues and supply problems are disrupting daily life, while the government says it is taking steps to restore economic stability.
The scope and duration of the emergency measures remain unclear. Economists say the currency's slide could further fuel inflation, and that the country's access to external financing will be critical in the weeks ahead.
Read next
ECB advances digital euro to cut reliance on US payment systems
The European Central Bank is preparing a digital euro to cut dependence on Visa, Mastercard and Apple Pay, Deutsche Welle reports. Success hinges on giving consumers an easy-to-use payment system without prompting a flight from bank savings.
Australian Home Loan Burden Now Heavier Than 17% Interest-Rate Days, Analysis Finds
South Korea Embraces 24-Hour Won Trading in Break With Currency 'Trauma'
Fed Chair Warsh Says Inflation Still 'Too High,' Declines to Signal July Rate Move
