2023-04-27 20:31
Argentina Ditches Dollar to Pay Yuan for China Imports
Argentina will start paying for Chinese imports using yuan rather than U.S. dollars in a move to preserve the country's dwindling American currency reserves, the government said Wednesday. After reaching agreements with various companies, the South American country will pay for more than $1 billion of Chinese imports in yuan in April and an additional $790 million to $1 billion of imports starting next month, Economy Minister Sergio Massa said at a meeting in Buenos Aires with Chinese Ambassador Zou Xiaoli.

https://www.caixinglobal.com/2023-04-28/argentina-ditches-dollar-to-pay-yuan-for-china-imports-102040757.html

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