Jose Gabriel Espinoza, an economist and former director of the Central Bank of Bolivia, said yuan pronouncements are more politically motivated in order to lower the population s expectations owing to a scarcity of dollars
Bolivia Grows Closer to China but Switch from Dollar to Yuan Still Work in Progress globalsecurity.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globalsecurity.org Daily Mail and Mail on Sunday newspapers.
Sofia Andrade, a lawyer, chose over the past month to withdraw all her dollar savings from the bank as the US currency became scarce on the streets of Bolivia. “I prefer to have them at home,” she said. “I fear they won’t let me withdraw them later.” Like her, many Bolivians are withdrawing their dollar…