A soldier gestures for journalists to leave Plaza Murillo as soldiers gather outside the presidential palace in Plaza Murillo in La Paz, Bolivia, on Wednesday. Bolivian President Luis Arce warned that an “irregular” deployment of troops was taking place in the capital, raising concerns that a potential coup was underway.
The economic downturn has been exacerbated by an ongoing feud between President Luis Arce and his ally-turned-rival former President Evo Morales in the lead-up to next year's presidential election. Many Bolivians impacted by the crisis have lost trust in Arce, who denies the country is even in an economic crisis.
The shortage of dollars has led to the emergence of a black market, with many sellers bringing in greenbacks from neighboring Peru and Chile and selling them at a gouged price. Some vendors like Vargas paste signs on their business doors, hopeful sellers will trade dollars at a more reasonable price.It's a complicated economic bind that has few short-term solutions, said Chávez, the economist.
Morales, who still wields a great deal of power in Bolivia, blocked Arce's government from passing measures in Congress to ease the economic turmoil, which Arce told the AP was a"political attack."
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: AP - 🏆 728. / 51 Read more »