"China and Brazil Lead the Way in De-Dollarization for Trade"
TL;DR Summary
China and Brazil have agreed to trade in their own currencies, bypassing the US dollar as an intermediary, in a deal that will allow them to conduct their massive trade and financial transactions directly. The move is expected to reduce costs, promote greater bilateral trade, and facilitate investment. China is Brazil's biggest trading partner, with a record $150.5 billion in bilateral trade last year.
- China, Brazil Strike Deal To Ditch Dollar For Trade Barron's
- Brazil, China strike trade deal agreement to ditch US dollar Yahoo Finance
- GT Voice: De-dollarization inevitable as use of other currencies accelerates Global Times
- Brazil, China ditch U.S. dollar for trade in favor of their own currencies TVP World
- Could Europe benefit from de-dollarisation? - The Post UnHerd
- View Full Coverage on Google News
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