Fitch cut the country to CCC from B- on Tuesday, after reserves dipped by $2.1 billion last year to just $1.7 billion, most of which is held in gold, the ratings company said. The landlocked South American nation has struggled to prop up its currency, the boliviano, which is pegged at a rate close to 7-per-dollar.
Fitch cut the country to CCC from B- on Tuesday, after reserves dipped by $2.1 billion last year to just $1.7 billion, most of which is held in gold, the ratings company said. The landlocked South American nation has struggled to prop up its currency, the boliviano, which is pegged at a rate close to 7-per-dollar. Fitch cut the country to CCC from B- on Tuesday, after reserves dipped by $2.1 billion last year to just $1.7 billion, most of which is held in gold, the ratings company said. The landlocked South American nation has struggled to prop up its currency, the boliviano, which is pegged at a rate close to 7-per-dollar. Moneycontrol Latest News Read More
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