Another South American nation to curb dependence on dollar ...News

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Another South American nation to curb dependence on dollar
source : Russia Today ( News ) () 22
Bolivia is the latest on the continent opting to trade in yuan and ruble instead of the greenback Bolivia has become the latest country in South America to regularly use alternative currencies in cross-border trade instead of the US dollar in a growing challenge to the dominance of the greenback for international financial transactions in the region. Bolivian Economy Minister Marcelo Montenegro said on Thursday that the nation conducted financial operations amounting to 278 million Chinese yuan ($38.7 million) between May and July of the current year. That accounts for 10% of its foreign trade during that period.

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