Market News
Bolivia turns to crypto for energy imports amid dollar, fuel shortages - REUTERS
LA PAZ, March 12 (Reuters) - Bolivia's state energy firm YPFB will use cryptocurrency to pay for energy imports amid a painful shortage of dollars and fuel in the landlocked South American nation, a company spokesperson and a government official told Reuters on Wednesday.
The country is battling a dangerous slide in foreign currency reserves afters years of dwindling exports of natural gas, which has sparked off a fuel crisis in the country with regular long lines at gas stations and scattered protests.
Reporting by La Paz newsroom and Lucinda Elliott; Writing by Adam Jourdan
