Published 1 year ago

Argentina to pay for Chinese imports in yuan rather than dollars

Summary by Reuters

Argentina will start to pay for Chinese imports in yuan rather than dollars, the government announced Wednesday, a measure that aims to relieve the country's dwindling dollar reserves.

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News18 India

Argentina to Pay for Chinese Imports in Yuan Instead of Dollars

Argentina will pay for Chinese imports in yuan instead of US dollars to preserve its foreign reserves. Economy Minister Sergio Massa announced that the country will program a volume of imports worth over $1 billion in yuan from next month, replacing the use of Argentina's US dollar reserves.

1 year ago·India

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Reuters

Argentina to pay for Chinese imports in yuan rather than dollars

Argentina will start to pay for Chinese imports in yuan rather than dollars, the government announced Wednesday, a measure that aims to relieve the country's dwindling dollar reserves.

1 year ago·United Kingdom

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NDTV

Argentina Says It Will Pay For Chinese Imports In Yuan Instead Of Dollars

Argentina will pay for Chinese imports in yuan instead of US dollars in order to preserve its dwindling foreign reserves, Economy Minister Sergio Massa said on Wednesday. The South American country will be able to "program a volume of imports in yuan worth (the equivalent of) more than $1 billion from next month," Massa said at a meeting in Buenos Aires with China's ambassador Zou Xiaoli. This would "replace" the use of Argentina's US dollar res…

1 year ago·New Delhi, India

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Channel News Asia

Argentina govt to pay for Chinese imports in yuan rather than dollars

BUENOS AIRES: Argentina will start to pay for Chinese imports in yuan rather than dollars, the government announced Wednesday, a measure that aims to relieve the country's dwindling dollar reserves. In April, it aims to pay around US$1 billion of Chinese imports in yuan instead of dollars and thereafter ar

1 year ago·Singapore

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Globo

Argentina will exchange dollars for yuan to pay for imports from China

The objective is to preserve the country's international reserves, as announced today by the country's Economy Minister, Sergio Massa. Argentina will stop paying for imports from China in dollars and will begin to do so in yuan with the objective of preserving the country's international reserves, the Minister of Economy, Sergio Massa, announced this Wednesday. Fernández crisis: Argentina faces a surge in the dollar, inflation, and the worst dro…

1 year ago·Brazil

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