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State of emergency: Bolivia’s currency plummets as anger simmers

State of emergency: Bolivia’s currency plummets as anger simmers

Summary

Bolivia’s President Paz declared a state of emergency after more than 50 days of protests. The protests came because many workers are angry about government budget cuts and plans to privatize services.

Key Facts

  • Bolivia’s President Paz declared a state of emergency.
  • Protests have lasted more than 50 days.
  • Many workers are protesting against government policies.
  • The protesters are upset about austerity cuts (reductions in government spending).
  • There are concerns about privatization, which means selling government-run services to private companies.
  • The country’s currency value has dropped during this unrest.
  • The situation has caused growing anger and tension in Bolivia.
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