La Paz, Jan 20. -Bolivia's net foreign reserves had climbed to 10.04 million USD as of Jan. 13, compared to 9.73 billion at the end of 2010, the Central Bank of Bolivia said in a report on Wednesday. The figure represents 50 percent of the gross domestic product, and corroborates the strength of the Bolivian economy and its low vulnerability abroad, the report added.
Among the main factors contributing to that growth were the continuing trade surplus, remittances from migrants abroad, and increased use of the national currency in financial transactions and regular transactions.
The Bolivian government uses its international reserves to fund such strategic sectors as hydrocarbons, energy, and mining, among other priorities. (Prensa Latina)