More South American countries adopting Chinese yuan for trade as China's influence in the region grows

Bolivia is now using the yuan for imports and exports, joining Brazil and Argentina.
Use of the yuan is seen as a move by South American countries to develop closer ties with China and reduce reliance on the US dollar.
China's growing trade and investment presence in Latin America and the Caribbean is contributing to increased use of the yuan.
Despite the trend, experts say a major shift away from the US dollar is unlikely in the near term due to limitations in China's financial system.
The use of the yuan has increased in recent years but still accounts for only a small percentage of overall trade.