Bolivians took to the streets of La Paz on Aug 16 to express their discontent over rising food prices and persistent fuel and dollar shortages that have disrupted the country's economy.
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00:00Bolivians took to the streets on Friday to express their discontent over rising food
00:08prices and fuel and dollar shortages that have disrupted the country's economy.
00:13They banged pans and pots, calling on the government to find solutions to the economic
00:19crisis.
00:20The shortages have led to long queues at petrol stations and complaints from transportation
00:26and logistics companies that the crisis has hampered their operations.
00:50Bakers in El Alto said there is not enough of flour supply as the government announced
00:55that it is allowing the import of wheat, including flour and grain, with zero tariff
01:01until the end of December this year to guarantee supply to the market.
01:20Bolivia spends about US$800 million annually to import half of the gasoline it requires
01:25for domestic consumption and up to 80% of its diesel supplies, primarily from neighboring
01:32South American nations.
01:34Since 2023, dollar transactions in Bolivia have been irregular and banking institutions
01:40have imposed restrictions on financial transactions conducted in dollars, leading to the emergence
01:46of the black market.