Argentina to pay for Chinese imports in yuan rather than dollars

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

Argentina Shuns U.S. Dollar: Will Pay for China Imports in Yuan

Argentina struck a deal with Beijing on Wednesday to stop using U.S. dollars to pay for Chinese imports and embrace the yuan instead.

Argentina ditches US dollar for yuan in China imports

ALBAWABA - Argentina is ditching the U.S. dollar, using the yuan instead of the greenback when paying for its imports from China...

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.

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»…

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…