Bolivia challenges global dollar dominance with Chinese yuan, Russian rouble

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Bolivia challenges global dollar dominance with Chinese yuan, Russian rouble
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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.falling natural gas production

"China has become the world's largest exporter. And in what currency would a large exporter want to receive everything it produces? Not in dollars, but in its own currency," Montenegro said.

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