Argentina to pay for Chinese imports in yuan — minister

BUENOS AIRES: Argentina will pay for Chinese imports in yuan instead of dollars, the republic’s Economy Minister Sergio Massa said on Wednes...


BUENOS AIRES: Argentina will pay for Chinese imports in yuan instead of dollars, the republic’s Economy Minister Sergio Massa said on Wednesday.

"Together with [Chinese] Ambassador Zou Xiaoli and entrepreneurs we are starting a swap with China, which will enable us to pay for imports from this country in yuan, thus replacing $1.04 bln in April and $790 mln starting May," he wrote on Twitter.

Argentina’s exports have decreased by $15 bln due to "the worst drought in the country’s history," Massa noted. "This set a challenging task for us to maintain reserves for keeping the level of import of materials and goods that play a key role for economic activities and production in the country," he explained, adding that the shift to yuan in trade with China would provide "more freedom" for Argentina and "strengthen its reserves."

Last November President of the South American country Alberto Fernandez said that China had agreed to extend a swap provided to Argentina to $5 bln.


-News Feed

COMMENTS


*

Name

AROUND THE GLOBE,5400,business,74,BY READERS,479,FEATURE,289,GLOBE,16,KERALA,13,Movie,327,s,1,SPECIAL STORY,394,TAMILNADU,4,TOP STORY,6118,TRAVEL,8,
ltr
item
Local Glob: Argentina to pay for Chinese imports in yuan — minister
Argentina to pay for Chinese imports in yuan — minister
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjK1yWBKHCcJVP_czCIcSiswcESN87NTBK1TykAZ5Y7gWz2GlBkguG-MEzMo6XH84YJOv1oKpC-Lmhsozc10ZDZPj6EEg5kU_qd2MrlUGUy6ECV1mqOgwdG9Z9j9s7uWXgTR5aqwl13_d6JkfxXh6ORm5Z_piIFjyOjS4ZllIRhKb64rFV6R3d_Ut_u6Q/s320/argentina.jpg
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjK1yWBKHCcJVP_czCIcSiswcESN87NTBK1TykAZ5Y7gWz2GlBkguG-MEzMo6XH84YJOv1oKpC-Lmhsozc10ZDZPj6EEg5kU_qd2MrlUGUy6ECV1mqOgwdG9Z9j9s7uWXgTR5aqwl13_d6JkfxXh6ORm5Z_piIFjyOjS4ZllIRhKb64rFV6R3d_Ut_u6Q/s72-c/argentina.jpg
Local Glob
http://www.localglob.com/2023/04/argentina-to-pay-for-chinese-imports-in.html
http://www.localglob.com/
http://www.localglob.com/
http://www.localglob.com/2023/04/argentina-to-pay-for-chinese-imports-in.html
true
8255692317570297677
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy