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Argentina to pay for Chinese imports in yuan instead of dollars
short by Nidhi Sinha / on Thursday, 27 April, 2023
Argentina has announced that it will pay for Chinese imports in yuan (Chinese currency) instead of US dollars to relieve the country's diminishing dollar reserves. Around $790 million of monthly imports will be paid in yuan after April, the government said. Argentina is battling critical levels in its dollar reserves amid a sharp decline in agricultural exports following a drought.
read more at Reuters