• Short Summary

    In La Paz at least one person died, and almost forty were injured, in civil disturbances following the devaluation of the Bolivian Peso.

  • Description

    In La Paz at least one person died, and almost forty were injured, in civil disturbances following the devaluation of the Bolivian Peso.

    The devaluation, at the end of last month, (October 27) was the first since Bolivia's exchange rate was set in 1955. A decree by President Hugo Banzer brought the peso's value down by 39.4 per cent, but the government also decreed that rents and prices of some items would be frozen. In addition, the prices of essential goods couldn't be raised without government approval.

    However, at least one section of the community ... the textile workers ... claimed that steep price rises had in fact happened. They called an eight-hour strike and moved their protest into the streets, barricading the road which links La Paz with its airport. Police claimed they'd arrested several suspected snipers; government forces took over the supply of essential goods, and troops patrolled the shops and markets to make sure prices were held at the official level.

    SYNOPSIS: La Paz, Bolivia, where police and soldiers have been dealing with civil troubles since President Hugo Banzer announced the devaluation of the Peso recently. In the first devaluation since 1955, the peso dropped by thirty-nine point four per cent.

    In future, all foreign exchange earned from export has to be sold to the Central Bank. But rents, professional fees and some prices have been frozen.

    However, at least one section of the community .. the textile workers .. claimed that steep price rises were already in evidence .. as was boarding .. as they called an eight-hour strike and carried their grievances into the streets. Later, police claimed the arrest of several suspected snipers after using teargas and dogs. One girl died and almost forty people were injured during the troubles.

    The textile workers barricaded the road from La Paz to the airport, but troops took over direct supplies of essential goods. Security forces patrolled shops and markets to check on prices, and the government banned all street demonstrations. Reports from La Paz indicate that the situation there later became calm but remained tense.

  • Tags

  • Data

    Film ID:
    VLVADTECLE4KF8I591M0RKYCJSPRG
    Media URN:
    VLVADTECLE4KF8I591M0RKYCJSPRG
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    07/11/1972
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:18:00
    Time in/Out:
    /
    Canister:
    N/A

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