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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...
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Posted: Apr 26 2023, 20:55
Author Name: forexlive
Views: 081936