During a press conference, Bolivia’s president expressed openness to using the Chinese yuan for international trade, citing similar moves by Argentina and Brazil to tap the Asian currency for transactions with China.
‘The two largest economies in the region are already trading in yuan in agreements with China, and that is going to be the trend in the region,’ Luis Arce said, adding that Bolivia could not afford to stay on the sidelines. He added that China had ‘an enormous economic potential’ in Bolivia, which the Bolivian government could tap, but the country would not be a beneficiary. Arces said that he was open to working with the International Finance Corporation to help the government of Bolivia develop a more efficient system to
