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28-04-2023, 02:23 AM
Argentina to settle Chinese imports in yuan as China marches into South America to dethrone US dollar
Argentina will pay for US$1.04 billion of Chinese imports in April in yuan instead of US dollars and then US$790 million per month from May.
The yuan has, according to Bloomberg, surpassed the US dollar for the first time in cross-border transaction in China amid increasing de-dollarisation efforts
Argentina will pay for US$1.04 billion of Chinese imports in April in yuan instead of US dollars and then US$790 million per month from May.
The yuan has, according to Bloomberg, surpassed the US dollar for the first time in cross-border transaction in China amid increasing de-dollarisation efforts
