this post was submitted on 29 Jul 2023
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[–] [email protected] 9 points 1 year ago* (last edited 1 year ago) (2 children)

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

[–] [email protected] -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

[–] [email protected] -2 points 1 year ago (2 children)

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

[–] [email protected] 8 points 1 year ago (3 children)

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.

[–] [email protected] -1 points 1 year ago* (last edited 1 year ago)

coexistence

Which is not what is happening since Bolivia is using the Yuan for trades that were previously made in USD.

[–] [email protected] -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.

[–] [email protected] -2 points 1 year ago

By saying this challenges the US dollar, it definitely suggests that it's no coexistence.

[–] [email protected] 4 points 1 year ago (1 children)

Instead of implied like they don't use USD anymore, but it's more like "in addition to using mostly USD still"

[–] [email protected] 0 points 1 year ago

The article literally says the intent is to replace the dollar.