Bolivia challenges global dollar dominance with Chinese yuan, Russian rouble
Bolivia's government is determined to curb dependence on the U.S. dollar for foreign trade, instead turning to the Chinese yuan, officials said, as Latin American support for alternative currencies grows. Economy Minister Marcelo Montenegro said the Andean country was following "a pattern at the level of international trade, that is generating a progressive increase in the use of the yuan in foreign trade," during a press conference on Thursday in La Paz. Bolivia has faced months of severe dollar shortages, driven in part by falling natural gas production, a key national expor...
Source: yahoo.com
