Bolivian leader open to using yuan for trade, touting ‘trend’

LA PAZ, May 10 (Reuters) – Bolivia’s president expressed openness to the use of the Chinese yuan for international trade during a press conference on Wednesday, citing similar moves by Argentina and Brazil to tap the Asian currency for transactions with China. International trade transactions tend to be priced in U.S. dollars, especially for major commodity markets like energy and grains, going back decades. “The two largest economies in the region are already trading in yuan in agreements with China, and that is going to be the trend in the region,” Arce said, adding the South American country could not…