Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue, Bolivian President Luis Arce calls for de-dollarization at the Southern Common Market Summit, Reserve drops fiat services in Latam, and Argentina postpones a $2.6 billion IMF payment.
Bolivian President Calls for De-Dollarization and Diversification
Bolivian President Luis Arce called for the de-dollarization and the diversification of the economic relations of the Latam region. After concluding his participation at the Southern Common Market Summit, Arce reinforced the importance of the de-dollarization process of Latam, stating:
Our region is seriously affected by the restrictions imposed by the northern financial system, which limits financing options, making it necessary to reduce dependence on the U.S. dollar and diversify our economic relations.
Furthermore, Arce mentioned China and the BRICS as possible partners to help in this diversification
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