HomeEconomyIn Bolivia, they moved...

In Bolivia, they moved to cryptocurrency to buy fuel

Photo: Getty images

There is a sharp collapse in foreign exchange reserves in the country after several years reducing the export of natural gas, which led to a fuel crisis.

Bolivian State Energy Company YPFB will use cryptocurrency to pay for energy imports against the background of a lack of dollars and fuel in the country. Reuters reported this on Thursday, March 13.

According to company and government representatives, the cryptocurrency payment system has been approved to ensure the necessary imports of energy resources.

There is a sharp collapse in foreign exchange reserves in the country after several years reducing the export of natural gas, which led to a fuel crisis. Long lines are regularly formed at the gas station, and the protests have become a familiar phenomenon.

The YPFB representative said cryptocurrency transactions will begin to conduct after the government’s approvement. The new system of purchase of energy resources should support the national subsidy for fuel against the background of a shortage of foreign currency.

Prior to this, Bolivia was a net exporter of energy thanks to large gas reserves, but now the country is forced to import energy due to a reduction in domestic production.

Reminding, earlier the head of the VP Danilo Getmantsev’s tax committee that has predicted that in Ukraine with “high probability” they focus on cryptocurrency in the first quarter of 2025.

In the USA, they plan a national reserve of cryptocurrencies

News from CORRESPONDENT.NET On the telegram and whatsapp. Subscribe to our channels https://t.me/KorresPondentNet and WhatsApp

Source: korrespondent

- A word from our sponsors -

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

- A word from our sponsors -

Read Now

Chinese spies are raised by the secret technologies of Neptune – SBU missiles

Chinese spies have collected secret technologies for the production of Ukrainian missiles "Neptune". .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } Counterintelligence SBU detained two PRC citizens in Kyiv, who...

APU died 100 ROSI heavy fire systems with the outbreak of war – General Personnel

From the very beginning of a complete invasion of Ukraine, the army of the Russian Federation lost 100 systems of heavy flames to Ukraine. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } ...

Eurosoyuz can create a fund for 100 billion euros for Ukraine – Bloomberg

The EU considers the creation of a fund with a volume of 100 billion euros to support Ukraine. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } This money can become...

Unfinished drones attacked Kurki and the Moscow region of the Russian Federation (photo, video)

Unknown drones attacked the Moscow region of Russia. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } On Wednesday, July 9, the inhabitants of Zelenograd were heard loud explosions. The Russian...

The threat of Trump Putin will rob Moscow – CNN

US President Donald Trump threatened Russian dictator Vladimir Putin to defeat Moscow. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } The American leader during the closed meeting of the donor...

Russians attacked citizens in the region of Kherson and Zaporozhe – wounded

The Russian army struck new strokes in the Kherson and Brokes region. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } In Kherson on the morning of July 9, 73-year-olds and...

Russia attacked Ukraine at night with a record skeleton of drones – what

The Ukrainian air defense defense at night and on the morning of July 9 neutralized a record 718 goals. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } On the night...

Died of a Ukrainian composer and folk artist Igor Deposit

The Ukrainian composer and people's artist of Ukraine Igor died at the age of 84. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } The deposit was the author of more...

Lutsk from the very beginning of the warrior pushed an independent air attic

The attack of the Russian UAV and mammalian missiles in the Lutka occurred at night on July 9. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } As a result of...