Bolivia Now Trades in China's Yuan Instead of USD (time.com)

submitted 1 year ago by yogthos@lemmy.ml to c/worldnews@lemmy.ml

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[-] iopq@latte.isnot.coffee 9 points 1 year ago* (last edited 1 year ago)

Currently the title of the post and the article are not the same

[-] queermunist@lemmy.ml -1 points 1 year ago

Bolivia Is Now Using China’s Yuan for Trade, Challenging Global Dominance of U.S. Dollar

It's basically the same

[-] yogthos@lemmy.ml -2 points 1 year ago

Are you saying the title of the post, aside from being shorter, also has a different meaning from:

Bolivia Is Now Using China’s Yuan for Trade, Challenging Global Dominance of U.S. Dollar

[-] jsveiga@sh.itjust.works 8 points 1 year ago

Well yes.

Your title uses "instead of". "Instead of" means a replacement, not a coexistence, let alone a 10% participation.

The original title doesn't suggest that.

[-] yogthos@lemmy.ml -1 points 1 year ago

As the article explains, the purpose of using Yuan is to replace the use of USD:

In Latin America and the Caribbean, the use of the yuan is growing especially “in those countries that are looking to establish stronger ties with China, that view themselves as in some way politically aligned on this particular objective on decreasing their overall reliance on the dollar and on the U.S. in general,” said Margaret Myers, director of the Asia & Latin America Program at the Washington-based Inter-American Dialogue.