🔴 The Yuan's Commercial Use Is Growing Rapidly - (Optional Dollar Shortage Backfill) | RTD Live Talk
Rethinking the Dollar
English - April 29, 2023 13:54 - 35 minutes - 32.7 MB - ★★★★ - 22 ratingsNews Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Argentina has announced that it will start paying for Chinese imports in yuan instead of dollars to ease the outflow of dollars, relieve dwindling dollar reserves and boost international reserves. This decision comes after Argentina expanded its currency swap with China by $5 billion in November last year, and in April, it aims to pay around $1 billion of Chinese imports in yuan.
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