Argentina says it will start to pay for Chinese imports in yuan rather than US dollars — a measure that aims to relieve the South American country's dwindling dollar reserves
Argentine Economy Minister Sergio Massa [R] and Chinese Ambassador to Argentina Zou Xiaoli shaking hands after signing an agreement to activate the swap between Argentina and China in Buenos Aires. / Photo: AFP
The South American country will be able to"programme a volume of imports in yuan worth [the equivalent of] more than $1 billion from next month, which will replace the use of Argentina's dollars," said Massa on Wednesday, standing alongside China's ambassador in Buenos Aires, Zou Xiaoli. The decision comes as the South American nation battles critical levels in its dollar reserves amid a sharp drop in agricultural exports caused by a historic drought, as well as political uncertainty ahead of elections this year.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Argentina to pay for Chinese imports in yuan rather than dollarsArgentina will start to pay for Chinese imports in yuan rather than dollars, the government announced Wednesday, a measure that aims to relieve the country's dwindling dollar reserves.
Leer más »
NYC agency defends decision to stop homeless youth from sleeping overnight at drop-in centersThe city provides just 60 beds specifically for homeless young adults, ages 21 to 24. Local officials say it’s not enough.
Leer más »
Georgia DA Says She’ll Announce Trump Indictment Decision This SummerThe announcement crystallizes the case’s clearest timeline yet.
Leer más »
Georgia DA: Indictment decision in Trump 2020 probe coming in summerFulton County DA Fani Willis revealed that sometime in the summer she will announce whether any criminal charges will be brought related to her investigation into former President Donald Trump.
Leer más »
Akronites express anger, fear in week since Jayland Walker grand jury decisionIn the week since a special grand jury declined to charge the officers involved in the deadly shooting of Jayland Walker, protests and conversations have happened daily around Akron.
Leer más »
Rupert Murdoch made the decision to ouster Tucker Carlson: LA Times reportRupert Murdoch himself made the decision to fire Tucker Carlson over January 6 conspiracy theories and discrimination claims: report
Leer más »