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Argentina says it will pay for Chinese imports in yuan instead of dollars

Argentina says it will pay for Chinese imports in yuan instead of dollars
In April, it aims to pay around $1 billion of Chinese imports in yuan instead of dollars and thereafter around $790 million of monthly imports will be paid in yuan. last year, Argentina expanded a currency swap with China by $5 billion this new agreement will allow Argentina "to work on the possibility" of advancing the rate of importsyuan-denominated import orders will be authorized in 90 days rather than the standard 180 daysArgentina is an economic basket case, facing dwindling dollar reserve... Read More
Posted: Apr 26 2023, 20:55
Author Name: forexlive
Views: 081936

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