Published 1 year ago

China and Brazil strike deal to use own currencies for trade instead of dollar

Summary by Ground News

China and Brazil have reached a deal to trade in their own currencies, ditching the US dollar as an intermediary, the Brazilian government said on Wednesday, Beijing's latest salvo against the almighty greenback.

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BBC News

How Brazil and China intend to close deals without using the US dollar

Brazil and China took another step to deepen their commercial cooperation and to exclude a possible American influence on business between the two countries. Read more (03/29/2023)

1 year ago·United Kingdom

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Infobae

Brazil and China agreed to trade in their currencies to avoid the dollar

This system allows foreign trade or financing operations between countries to be carried out by converting Brazilian reais to yuan and vice versa.

1 year ago·C A B A, Argentina

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TASS [🇷🇺-affiliated]

Countries want to ditch dollar as reserve currency over 'heavy-handed' US policy

Earlier, US economist Nouriel Roubini, who predicted the financial crisis of 2008, did not rule out the eventual demise of the dollar as a reserve currency within a decade

1 year ago·Moscow, Russian Federation

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News

Panic as Brazil, China ditch US dollar

Brazil and China have agreed to bypass the US dollar when paying for trade goods - here’s why it’s a massive deal.

1 year ago

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The Straits Times

China, Brazil strike deal to ditch dollar for trade

It's Beijing’s latest salvo against the almighty greenback. Read more at straitstimes.com.

1 year ago·Singapore

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UOL

Brazil and China decide to negotiate in their own currencies to escape the dollar

This Wednesday (29), the Brazilian government announced an agreement with China to carry out bilateral trade transactions in its own currencies, without the need for the dollar, according to the Brazilian export agency, after

1 year ago·Brazil

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