Bolivia to purchase $1bn of gold this year to boost reserves
State-owned trading firm says it will continue to buy from local producers and sell to central bank
Bolivia’s state-owned gold trading firm has said it plans to buy almost $1 billion worth of gold in 2025, in a move to bolster the central bank’s shallow reserves.
In an interview on Wednesday (March 12), reported in Bloomberg, the chief executive of the Gold Production and Marketing Company, Pablo César Pérez, said it would buy around 10 tonnes of gold this year to sell to the Central Bank of Bolivia.
This would be four times the amount that the firm, also known as Epcoro, purchased in 2024
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