Minister of Economy of Bolivia: looking forward to better use of RMB business under the "the Belt and Road" cooperation framework | RMB | Minister of Economy
Xinhua News Agency, Havana, August 22, La Paz news: In a video interview with Xinhua News Agency reporters on August 22, the Minister of Economy and Public Finance of Bolivia, Marcelo Montenegro, said that the country's RMB trading business had started well and expected to use the RMB better under the "the Belt and Road" cooperation framework.
Montenegro stated that the Bolivian government supports the use of RMB for international trade settlement, which will expand the country's foreign trade space. He hopes to further promote exports to China in areas such as food and energy, and promote trade balance between the two countries.
Montenegro also said that more and more countries have started RMB business, and the internationalization of the RMB is rapidly developing. It is expected that the participation of the RMB in future international trade activities will be higher.
According to data released by the Bolivian government, as of the end of July, Bolivia's foreign trade settled in RMB was approximately 279 million yuan, mainly covering exports of zinc, silver, wood products, and imports of automobiles, capital goods, and other goods.
Bolivian President Ars é stated in May this year that Bolivia will consider the possibility of using the Chinese yuan for international trade settlement to address issues such as the shortage of the US dollar. The Bolivian government announced in July that the state-owned United Bank of Bolivia has launched RMB trading business. The government also plans to approve the establishment of a Chinese funded bank in the country to further develop RMB business.