Economic turmoil in Bolivia fuels distrust in government and its claim of a 'failed coup'

LA PAZ, Bolivia — Signs reading “I'm buying dollars” line the doors of Víctor Vargas’ shoe shop in the heart of Bolivia ’s biggest city, a desperate attempt to keep his family business alive.

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.But Arce insists that Bolivia’s economy is “one of the most stable” and says he's taking action to address problems ailing Bolivians, including shortages of dollars and gasoline. He said the government is also industrializing, investing in new economies like tourism and lithium.

“He tricked and lied to, not just the Bolivian people, but the entire world,” Morales said in a Sunday radio program. Most recently, self-described “anarcho-capitalist” Javier Milei has taken the helm of neighboring Argentina with promises to lift the country out of its economic spiral, which shares a number of similarities with Bolivia's.

NEW YORK — A sense of concern is growing inside the top ranks of the Democratic Party that leaders of Joe Biden’s campaign and the Democratic National Committee are not taking seriously enough the impact of the president’s troubling debate performance earlier in the week.The 2024 election is heating up and if former President Donald Trump manages to retake the White House, it's bound to shake things up big time for American workers and the larger economy. What kind of...

Luis Arce Bolivia Víctor Vargas Economic Crisis Bolivia’S Economy Bolivians Economic Turmoil

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitter political fight in Bolivia is paralyzing the government as unrest boils over economic crisisLA PAZ, Bolivia (AP) — Protesters streamed into Bolivia's capital, throats hoarse from chanting and feet blistered from a week of walking along the national ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

ETFs for investors who feel done with the Canadian stock marketThere’s signs of disenchantment with the economic performance of this country
Source: globeandmail - 🏆 5. / 92 Read more »

Bolivia's president denies being behind attempted coup and says the general acted 'on his own'LA PAZ, Bolivia (AP) — Bolivia President Luis Arce on Thursday denied being behind an attempted coup against him, and said that the general who apparently led it “acted on his own.
Source: SooToday - 🏆 8. / 85 Read more »

Bolivia's president denies being behind attempted coup and says the general acted 'on his own'LA PAZ, Bolivia (AP) — Bolivia President Luis Arce on Thursday denied being behind an attempted coup against him, and said that the general who apparently led it “acted on his own.
Source: BurnabyNOW_News - 🏆 14. / 77 Read more »

Bolivia's president denies being behind attempted coup and says the general acted 'on his own'LA PAZ, Bolivia (AP) — Bolivia President Luis Arce on Thursday denied being behind an attempted coup against him, and said that the general who apparently led it “acted on his own.
Source: PGCitizen - 🏆 65. / 51 Read more »

Indigenous people in Bolivia celebrate Andean New Year marking winter solsticeThe traditional Bolivian festival dates back to the ancient pre-Hispanic peoples, which celebrates the return of the sun at the time of the winter solstice. ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »