Reported about 9 hours ago
Bolivia's newly established state gold trading company, Epcoro, aims to significantly increase its gold purchases to support the central bank, which is facing a crisis due to depleted reserves. This year, Epcoro plans to buy around 10 tons of gold worth approximately $1 billion, a sharp rise from last year's 2.4 tons. Despite challenges such as high inflation and a depreciating currency, Epcoro is finding ways to source gold from local producers, ensuring compliance with legal standards amidst allegations of potential illegal activities.
Source: YAHOO