Bolivia Now Trades in China's Yuan Instead of USD
Bolivia Now Trades in China's Yuan Instead of USD
time.com Bolivia Now Trades in China's Yuan Instead of USD
Bolivia is the latest country in South America to regularly use the Chinese currency in a growing challenge to the hegemony of the U.S. dollar for international financial transactions.
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Between May and July of this year, Bolivia conducted financial operations amounting to 278 million Chinese yuan ($38.7 million), which accounts for 10% of its foreign trade during that period
The post title is misleading
"Bolivia uses Chinese yuan 10% of the time when they have no other option"
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