![time.com](/proxy.php?image=https%3A%2F%2Fapi.time.com%2Fwp-content%2Fuploads%2F2023%2F07%2FBolivia-China-Yuan-.jpg%3Fquality%3D85%26w%3D1024%26h%3D628%26crop%3D1&hash=1c11c738bb58ba781f4774dba8c75668&return_error=1)
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.
Bolivia Is Now Using China’s Yuan for Trade, Challenging Global Dominance of U.S. Dollar
![thediplomat.com](/proxy.php?image=https%3A%2F%2Fthediplomat.com%2Fwp-content%2Fuploads%2F2024%2F06%2Fsizes%2Ftd-story-s-2%2Fthediplomat_2024-06-12-064820.jpg&hash=326dd115173e51ac96ba286bede321a0&return_error=1)
Bolivia Turns to China Amid Historic Economic Crisis
Amid tensions with Washington, President Luis Arce’s government is leaning heavily on Beijing for trade, investment, and economic support.
thediplomat.com