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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.

32 Articles

Center

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.

·Jakarta, Indonesia
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Министр экономики Аргентины Серхио Масса заявил, что страна на фоне проблемы с поддержанием резервов Центробанка переходит на оплату импорта из Китая в юанях. Политик написал в Twitter, что «худшая засуха в нашей истории» сократила экспорт на 15 миллиардов долларов. «Мы активируем своп с Китаем... что нам позволит платить за импорт из этой страны в юанях, заменив тем самым 1 миллиард 40 миллионов долларов в апреле и 790 миллионов долларов с мая»…

·Russian Federation
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Far Left

Argentina's Economy Minister, Sergio Massa, announced this Wednesday that imports from China will be paid in yuan as part of the expansion of the currency swap between the respective Central Banks. READ ALSO: Argentine President blames the right for the devaluation of the peso The head of Economy stated on his Twitter account: “The worst drought in our history reduced our exports by 15 billion dollars and put us in the challenge of keeping rese…

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telam.com.ar broke the news in on Wednesday, April 26, 2023.
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