Argentina to pay for Chinese imports in yuan rather than dollars
32 Articles
32 Articles
Argentina Ditches Dollar to Pay Yuan for China Imports
Argentina Ditches Dollar to Pay Yuan for China Imports - South American nation will pay for $1 billion of imports this month using yuan as worst drought in a century drives down the peso and saps foreign currency reserves
The Argentine government announced that it will follow, at least in part, Lula's pseudo-revolutionary suggestion to stop using the American dollar in trade with China... The post Lula suggested, and Argentina will stop using the dollar for imports from China appeared first on The Antagonist.
Despite the proximity of the agreements, the Argentine measure has some differences with the Brazilian pact, caused, in particular, by the exchange rate devaluation that is plaguing the country
Argentina wears Chinese currency, yuan for import transactions from the country of the Bamboo Curtain. The country no longer uses US dollars for import transactions.
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