Mike
Zuid-Amerika
- Onderwerp starter fatsnotbad
- Startdatum
Mike
Mike
Colloquial
Well-known member
Ik weet niet precies wat Lula van plan is.
Fries Foar Frijhiid
Well-known member
Wat doet Lula met kritische journalisten?
Mike
Fries Foar Frijhiid
Well-known member
Volgende land dat de dollar laat vallen: Venezuela.
www.rt.com
South American country pledges to abandon US dollar
Venezuela will move away from the US currency in international transactions, President Nicolas Maduro says
Fries Foar Frijhiid
Well-known member
Lula stelt een Zuid-Amerikaanse euro voor:
edition.cnn.com
Brazil's Lula proposes common South American currency | CNN
Brazilian President Luiz Inácio Lula da Silva proposed creating a common currency in the region during a meeting with South American heads of state in Brasilia on Tuesday.
Brazilian photo of Christ the Redeemer 'holding' the Moon goes viral
Leonardo Sens' astonishing photo of the iconic Christ the Redeemer statue 'holding' the Moon went viral after three years of attempting to capture the moment.
Mike
Mike
Mike
Mike
Mike
Mike
Mike
Decem
Well-known member
rt.com 29 Jul, 2023 14:31
HomeBusiness News
© Getty Images / Bloomberg Creative
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 currency 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.
“Banana, zinc, and wood manufacturing exporters are conducting transactions in yuan, as well as importers of vehicles and capital goods,” Montenegro said during a press conference in La Paz, adding that the share of alternative currencies is expected to increase over time.
Importers and exporters have been able to trade in yuan since February, and the Russian ruble since March via Banco Union, a Bolivian state-owned lender, bank officials said, as cited by Reuters.
The transactions between Banco Union and Russia’s Gazprombank facilitate “the work of Russian companies in the market” in spite of economic penalties imposed on Moscow by the West since 2022, according to Russian Ambassador to Bolivia Mikhail Ledenev, as quoted by the agency.
READ MORE: West using dollar as weapon – Putin
Bolivia has followed other states in the region, most notably Brazil and Argentina, which have recently turned to alternative currencies in their foreign trade. Bolivia has experienced severe dollar shortages, partially triggered by a drop in the production of natural gas, which is a key export item for the country. The shortages have had a significant impact on the nation’s economy since February.
HomeBusiness News
Another South American nation to curb dependence on dollar
Bolivia is the latest country opting to trade in yuan and ruble instead of the greenback
© Getty Images / Bloomberg Creative
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 currency 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.
“Banana, zinc, and wood manufacturing exporters are conducting transactions in yuan, as well as importers of vehicles and capital goods,” Montenegro said during a press conference in La Paz, adding that the share of alternative currencies is expected to increase over time.
Importers and exporters have been able to trade in yuan since February, and the Russian ruble since March via Banco Union, a Bolivian state-owned lender, bank officials said, as cited by Reuters.
The transactions between Banco Union and Russia’s Gazprombank facilitate “the work of Russian companies in the market” in spite of economic penalties imposed on Moscow by the West since 2022, according to Russian Ambassador to Bolivia Mikhail Ledenev, as quoted by the agency.
READ MORE: West using dollar as weapon – Putin
Bolivia has followed other states in the region, most notably Brazil and Argentina, which have recently turned to alternative currencies in their foreign trade. Bolivia has experienced severe dollar shortages, partially triggered by a drop in the production of natural gas, which is a key export item for the country. The shortages have had a significant impact on the nation’s economy since February.
Mike
Mike
Fries Foar Frijhiid
Well-known member
Al drie politici omgebracht in Ecuador.
www.rt.com
Another Ecuadorian politician shot dead
An Ecuadorian official was killed on Monday in what appears to be the latest political assassination in the country
Mike
Forum statistieken
