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Cryptopolitan
2023-04-29 19:17:27

Argentina turns to Yuan for imports as dollar reserves decline

Argentina turns to Yuan for imports as dollar reserves decline

In a strategic move to maintain economic activity without putting pressure on its central bank reserves, Argentina has turned to the Chinese yuan for importing intermediate goods from China. This decision, worth over US$ 1,040 million this month, was announced by Argentina’s Minister of Economy, Sergio Massa, during a conference with the Chinese ambassador to … Argentina turns to Yuan for imports as dollar reserves decline Read More »

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