“Argentina switches to yuan payments for Chinese imports, following Brazil’s lead”

2023-04-26 22:01:53

By Le Figaro with AFP

Published on 04/27/2023 at 00:01

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Brazil had made a similar decision at the end of March. keymetric / stock.adobe.com

Argentina will now pay for its Chinese imports in yuan rather than in dollars, like the other South American giant, Brazil, which took a similar decision at the end of March, announced Wednesday April 26 the Minister of Economy Sergio Massa. Argentina can “schedule a volume of imports in yuan worth (equivalent to) more than $1 billion starting next month, which will replace the use of dollars”declared Sergio Massa at the side of the Chinese ambassador in Buenos Aires, Zou Xiaoli.

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