Bank AI

Yuan

<div class="watcher-guru"> 
 <p>The <a rel="noopener noreferrer nofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> alliance is becoming successful in convincing developing countries to end reliance on the U.S. dollar and pay in the <a rel="noopener noreferrer nofollow" title="Chinese Yuan" href="https://thebittimes.com/tag/chinese-yuan.html">Chinese Yuan</a> as an alternative currency, and <a rel="noopener noreferrer nofollow" title="Bolivia" href="https://thebittimes.com/tag/bolivia.html">Bolivia</a> is an example. <a rel="noopener noreferrer nofollow" title="Bolivia" href="https://thebittimes.com/tag/bolivia.html">Bolivia</a> is using the <a rel="noopener noreferrer nofollow" title="Chinese Yuan" href="https://thebittimes.com/tag/chinese-yuan.html">Chinese Yuan</a> to settle cross-border transactions and not the U.S. dollar, reported the Associated Press.</p> 
 <p>The Bolivian Economic Minister, Marcelo Montenegro acknowledged that the country’s Central Bank switched to the Chinese Yuan for global trade. The Latin American country is harnessing the Chinese Yuan due to the U.S. dollar’s shortage that’s plaguing its economy.</p> 
 <p><strong>Also Read: Russia &amp; India Make Huge Announcement on BRICS Currency</strong></p> 
 <div class="quads-location quads-ad33739 " id="quads-ad33739" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div class="publift-ad add"> 
   <div data-fuse="22560828227"></div> 
  </div> 
 </div> 
 <h2 class="wp-block-heading" id="h-brics-bolivia-uses-chinese-yuan-sidelines-the-u-s-dollar">BRICS: Bolivia Uses Chinese Yuan, Sidelines The U.S. Dollar</h2> 
 <figure class="wp-block-image size-large"> 
  <img decoding="async" width="1024" height="576" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" alt="" class="wp-image-103996 ewww_webp" sizes="(max-width: 1024px) 100vw, 1024px" data-src-img="https://cdn.thebittimes.com/images/2023/07/28/8dadd2c397dbd2b8e47620336886e6d2.webp" data-src-webp="https://cdn.thebittimes.com/images/2023/07/28/8dadd2c397dbd2b8e47620336886e6d2.webp.webp" data-srcset-webp="https://cdn.thebittimes.com/images/2023/07/28/8dadd2c397dbd2b8e47620336886e6d2.webp.webp 1024w, https://cdn.thebittimes.com/images/2023/07/28/8dadd2c397dbd2b8e47620336886e6d2.webp.webp 300w, https://cdn.thebittimes.com/images/2023/07/28/8dadd2c397dbd2b8e47620336886e6d2.webp.webp 768w, https://cdn.thebittimes.com/images/2023/07/28/8dadd2c397dbd2b8e47620336886e6d2.webp.webp 380w, https://cdn.thebittimes.com/images/2023/07/28/8dadd2c397dbd2b8e47620336886e6d2.webp.webp 550w, https://cdn.thebittimes.com/images/2023/07/28/8dadd2c397dbd2b8e47620336886e6d2.webp.webp 800w, https://cdn.thebittimes.com/images/2023/07/28/8dadd2c397dbd2b8e47620336886e6d2.webp.webp 1160w, https://cdn.thebittimes.com/images/2023/07/28/8dadd2c397dbd2b8e47620336886e6d2.webp.webp 1280w" data-srcset-img="https://cdn.thebittimes.com/images/2023/07/28/8dadd2c397dbd2b8e47620336886e6d2.webp 1024w, https://cdn.thebittimes.com/images/2023/07/28/8dadd2c397dbd2b8e47620336886e6d2.webp 300w, https://cdn.thebittimes.com/images/2023/07/28/8dadd2c397dbd2b8e47620336886e6d2.webp 768w, https://cdn.thebittimes.com/images/2023/07/28/8dadd2c397dbd2b8e47620336886e6d2.webp 380w, https://cdn.thebittimes.com/images/2023/07/28/8dadd2c397dbd2b8e47620336886e6d2.webp 550w, https://cdn.thebittimes.com/images/2023/07/28/8dadd2c397dbd2b8e47620336886e6d2.webp 800w, https://cdn.thebittimes.com/images/2023/07/28/8dadd2c397dbd2b8e47620336886e6d2.webp 1160w, https://cdn.thebittimes.com/images/2023/07/28/8dadd2c397dbd2b8e47620336886e6d2.webp 1280w" data-eio="j"> 
  <noscript> 
   <img decoding="async" width="1024" height="576" src="https://cdn.thebittimes.com/images/2023/07/28/8dadd2c397dbd2b8e47620336886e6d2.webp" alt="" class="wp-image-103996" srcset="https://cdn.thebittimes.com/images/2023/07/28/8dadd2c397dbd2b8e47620336886e6d2.webp 1024w, https://cdn.thebittimes.com/images/2023/07/28/8dadd2c397dbd2b8e47620336886e6d2.webp 300w, https://cdn.thebittimes.com/images/2023/07/28/8dadd2c397dbd2b8e47620336886e6d2.webp 768w, https://cdn.thebittimes.com/images/2023/07/28/8dadd2c397dbd2b8e47620336886e6d2.webp 380w, https://cdn.thebittimes.com/images/2023/07/28/8dadd2c397dbd2b8e47620336886e6d2.webp 550w, https://cdn.thebittimes.com/images/2023/07/28/8dadd2c397dbd2b8e47620336886e6d2.webp 800w, https://cdn.thebittimes.com/images/2023/07/28/8dadd2c397dbd2b8e47620336886e6d2.webp 1160w, https://cdn.thebittimes.com/images/2023/07/28/8dadd2c397dbd2b8e47620336886e6d2.webp 1280w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  </noscript> 
  <figcaption class="wp-element-caption">
    Source: news.bitcoin.com 
  </figcaption> 
 </figure> 
 <p>Montenegro stressed that <a rel="noopener noreferrer nofollow" title="Bolivia" href="https://thebittimes.com/tag/bolivia.html">Bolivia</a> plans to have a branch of a Chinese bank in the country. The Chinese branch of the bank would accelerate currency adoption, allowing smoother and more cost-effective remittance. <a rel="noopener noreferrer nofollow" title="Bolivia" href="https://thebittimes.com/tag/bolivia.html">Bolivia</a> is facing a dollar crunch which has affected its economy including the exchange rate of the U.S. dollar.</p> 
 <p><strong>Also Read: BRICS Prohibits Western Countries From Attending Summit in August</strong></p> 
 <div class="quads-location quads-ad15192 " id="quads-ad15192" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div id="primisContainer" class="add"></div> 
 </div> 
 <p><strong>“It is clear that sometimes it is not necessary to have a bank to carry out operations. But having a Chinese bank or one close to the region can also facilitate operations much more smoothly,”</strong> he said.</p> 
 <p>The Bolivian Central Bank is carrying out settlements using the Chinese Yuan only in some of its international transactions. The majority of the settlements are currently being initiated in the de facto global currency, the U.S. dollar.</p> 
 <figure class="wp-block-image size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="683" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" alt="US Dollar Chinese Yuan Currency" class="wp-image-92754 ewww_webp" sizes="(max-width: 1024px) 100vw, 1024px" data-src-img="https://cdn.thebittimes.com/images/2023/07/28/d783dec7e3ffd272821121334e4c8968.webp" data-src-webp="https://cdn.thebittimes.com/images/2023/07/28/d783dec7e3ffd272821121334e4c8968.webp.webp" data-srcset-webp="https://cdn.thebittimes.com/images/2023/07/28/d783dec7e3ffd272821121334e4c8968.webp.webp 1024w, https://cdn.thebittimes.com/images/2023/07/28/d783dec7e3ffd272821121334e4c8968.webp.webp 300w, https://cdn.thebittimes.com/images/2023/07/28/d783dec7e3ffd272821121334e4c8968.webp.webp 768w, https://cdn.thebittimes.com/images/2023/07/28/d783dec7e3ffd272821121334e4c8968.webp.webp 1536w, https://cdn.thebittimes.com/images/2023/07/28/d783dec7e3ffd272821121334e4c8968.webp.webp 380w, https://cdn.thebittimes.com/images/2023/07/28/d783dec7e3ffd272821121334e4c8968.webp.webp 550w, https://cdn.thebittimes.com/images/2023/07/28/d783dec7e3ffd272821121334e4c8968.webp.webp 800w, https://cdn.thebittimes.com/images/2023/07/28/d783dec7e3ffd272821121334e4c8968.webp.webp 1160w, https://cdn.thebittimes.com/images/2023/07/28/d783dec7e3ffd272821121334e4c8968.webp.webp 1920w" data-srcset-img="https://cdn.thebittimes.com/images/2023/07/28/d783dec7e3ffd272821121334e4c8968.webp 1024w, https://cdn.thebittimes.com/images/2023/07/28/d783dec7e3ffd272821121334e4c8968.webp 300w, https://cdn.thebittimes.com/images/2023/07/28/d783dec7e3ffd272821121334e4c8968.webp 768w, https://cdn.thebittimes.com/images/2023/07/28/d783dec7e3ffd272821121334e4c8968.webp 1536w, https://cdn.thebittimes.com/images/2023/07/28/d783dec7e3ffd272821121334e4c8968.webp 380w, https://cdn.thebittimes.com/images/2023/07/28/d783dec7e3ffd272821121334e4c8968.webp 550w, https://cdn.thebittimes.com/images/2023/07/28/d783dec7e3ffd272821121334e4c8968.webp 800w, https://cdn.thebittimes.com/images/2023/07/28/d783dec7e3ffd272821121334e4c8968.webp 1160w, https://cdn.thebittimes.com/images/2023/07/28/d783dec7e3ffd272821121334e4c8968.webp 1920w" data-eio="j"> 
  <noscript> 
   <img decoding="async" loading="lazy" width="1024" height="683" src="https://cdn.thebittimes.com/images/2023/07/28/d783dec7e3ffd272821121334e4c8968.webp" alt="US Dollar Chinese Yuan Currency" class="wp-image-92754" srcset="https://cdn.thebittimes.com/images/2023/07/28/d783dec7e3ffd272821121334e4c8968.webp 1024w, https://cdn.thebittimes.com/images/2023/07/28/d783dec7e3ffd272821121334e4c8968.webp 300w, https://cdn.thebittimes.com/images/2023/07/28/d783dec7e3ffd272821121334e4c8968.webp 768w, https://cdn.thebittimes.com/images/2023/07/28/d783dec7e3ffd272821121334e4c8968.webp 1536w, https://cdn.thebittimes.com/images/2023/07/28/d783dec7e3ffd272821121334e4c8968.webp 380w, https://cdn.thebittimes.com/images/2023/07/28/d783dec7e3ffd272821121334e4c8968.webp 550w, https://cdn.thebittimes.com/images/2023/07/28/d783dec7e3ffd272821121334e4c8968.webp 800w, https://cdn.thebittimes.com/images/2023/07/28/d783dec7e3ffd272821121334e4c8968.webp 1160w, https://cdn.thebittimes.com/images/2023/07/28/d783dec7e3ffd272821121334e4c8968.webp 1920w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  </noscript> 
  <figcaption class="wp-element-caption">
    Source: energyintel.com / rustamxakim/ Shutterstock 
  </figcaption> 
 </figure> 
 <p><strong>Also Read: <a rel="noopener noreferrer nofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> Invites Leaders From 69 Countries To Attend Summit in August</strong></p> 
 <p>The governments of <a rel="noopener noreferrer nofollow" title="Bolivia" href="https://thebittimes.com/tag/bolivia.html">Bolivia</a> and China are in talks to set up a Chinese bank to act as intermediaries for transactions. China’s Ambassador, Huang Yazhong said that the process of opening a Chinese bank in <a rel="noopener noreferrer nofollow" title="Bolivia" href="https://thebittimes.com/tag/bolivia.html">Bolivia</a> will boost the Yuan. Additionally, <a rel="noopener noreferrer nofollow" title="Bolivia" href="https://thebittimes.com/tag/bolivia.html">Bolivia</a>’s President Luis Alberto Arce openly called for the de-dollarization of the country and expressed his support for <a rel="noopener noreferrer nofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a>.</p> 
 <div class="quads-location quads-ad33742 " id="quads-ad33742" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div class="publift-ad add"> 
   <div data-fuse="22560828233"></div> 
  </div> 
 </div> 
 <p><strong>“Our region is seriously affected by the restrictions imposed by the northern financial system, which limits financing options, making it necessary to reduce dependence on the U.S. dollar and diversify our economic relations,”</strong> he said.</p> 
</div> 
<div class="cs-entry__tags"> 
 <ul> 
  <li>Bolivia</li> 
  <li>BRICS</li> 
  <li>Chinese Yuan</li> 
  <li>US DOLLAR</li> 
 </ul> 
</div>

BRICS: Bolivia Ditches U.S. Dollar, Pays Chinese Yuan for Global Trade

目錄

TheBitTimes

在 2023年8月1日發表的其他文章

YouSUI Partners with Alchemy Pay to Facilitate Crypto and XUI Token Purchases

Vitalik Buterin and the Other Eight founders of Ethereum

Mengenal Elemen Kekuatan Web3: Metaverse, AI, Crypto dan Blockchain

Bitcoin’s Bullish Momentum Defies Heightened Fear, Santiment’s Analysis Shows

LFi leads way in blockchain innovation with new technology

CFTC Charges Tennessee Couple for Operating Fraudulent Crypto Scheme

訂閱免費電子報，每天收取加密貨幣最新動態！