Argentina shifts to yuan for Chinese imports, reducing reliance on US dollar.
TL;DR
Argentina will settle over $1 billion of Chinese imports in yuan instead of US dollars, with plans to continue using the yuan for future imports. This move comes as China aims to dethrone the US dollar and increase de-dollarisation efforts, with the yuan surpassing the US dollar for the first time in cross-border transactions in China.
- First Brazil, now Argentina. Yuan trade deal ups ante to dethrone US dollar South China Morning Post
- Argentina to pay for Chinese imports in yuan rather than dollars Reuters
- Argentina moves away from US dollar for trade in Chinese currency WION
- Argentina Taps China Swap Line for Imports as Peso Drops Bloomberg
- Argentina Says It Will Pay For Chinese Imports In Yuan Instead Of Dollars NDTV
- View Full Coverage on Google News
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