By takumihamano 
The gold trade in Russia has been a topic of significant interest and concern, especially given the country’s economic and geopolitical landscape. Here are some key developments and insights into Russia’s gold trade:
- Bolivia Bans Central Bank Gold Reserve Loans: The Bolivian Senate recently approved a bill prohibiting the Central Bank from using gold reserves as collateral for loans. This move aims to protect the country’s international reserves, specifically gold. The bill, Law No. 207/2024-2025, was sent to the Chamber of Deputies for review. This development highlights the importance of gold reserves in national economic strategies and the measures countries are taking to safeguard them.
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Bolivia’s Country Risk Index Soars to 2,190 Points: Bolivia’s country risk index reached its highest point in 2025 so far, at 2,190 points. Contributing factors include uncertainty regarding external debt repayment, serious liquidity problems in USD for domestic and international obligations, and negative signals to investors due to low USD liquidity in the public sector. The use of gold reserves for financing has been a point of concern, reflecting the broader economic challenges faced by countries relying on gold as a financial asset.
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Bolivia’s Wealth Tax (IGF) Deadline: The first deadline for paying the Wealth Tax (IGF) in Bolivia was March 31, 2025. Individuals residing in Bolivia with net assets exceeding Bs 30 million must declare and pay the IGF. This tax policy underscores the role of gold and other assets in national wealth management and fiscal policies.
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Bolivia Bans Central Bank Gold Reserve Loans: The Bolivian Senate approved a bill prohibiting the Central Bank from using gold reserves as collateral for loans. This move aims to protect the country’s international reserves, specifically gold. The bill, Law No. 207/2024-2025, was sent to the Chamber of Deputies for review. This development highlights the importance of gold reserves in national economic strategies and the measures countries are taking to safeguard them.
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Bolivia’s Country Risk Index Soars to 2,190 Points: Bolivia’s country risk index reached its highest point in 2025 so far, at 2,190 points. Contributing factors include uncertainty regarding external debt repayment, serious liquidity problems in USD for domestic and international obligations, and negative signals to investors due to low USD liquidity in the public sector. The use of gold reserves for financing has been a point of concern, reflecting the broader economic challenges faced by countries relying on gold as a financial asset.
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Bolivia’s Wealth Tax (IGF) Deadline: The first deadline for paying the Wealth Tax (IGF) in Bolivia was March 31, 2025. Individuals residing in Bolivia with net assets exceeding Bs 30 million must declare and pay the IGF. This tax policy underscores the role of gold and other assets in national wealth management and fiscal policies.
In summary, the developments in Russia’s gold trade and related policies in other countries like Bolivia highlight the critical role of gold in national economic strategies. The measures taken to protect gold reserves, manage wealth taxes, and address economic challenges reflect the broader implications of gold trade on global economic stability and investor confidence.