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Bitcoin.com 2023-08-26 04:30:42

Brazil Proposes Plan to Settle Bilateral Trade With Argentina in Chinese Yuan

The government of Brazil has formally presented a proposal to Argentina to settle bilateral trade transactions in the Chinese yuan. The proposal, which would leverage resources in the Chinese credit swap line, aims to maintain trade between the countries and secure the payment of Brazilian exporters even with Argentina’s low foreign reserves. Brazil Proposes De-Dollarization

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