The government of Argentina has noted that 19% of all imports authorized in the national system were settled using the Chinese yuan in April and May. $2.72 billion in Chinese yuan were approved to complete these payments, taking advantage of the Chinese swap line to preserve the dollar reserves of the country, according to Commerce Secretary Matias Tombolini.
Argentina Advances in Substituting Dollar-Settled Imports Using Chinese Yuan
Argentina is showing advancements in substituting means other than the U.S. dollar to settle import payments. According to data presented by the Commerce Secretariat, imports denominated in Chinese yuan rose to almost 20% in April and May, with operations equivalent to $2.72 billion authorized. This development has been qualified as an advancement by Commerce Secretary Matias Tombolini, who believes this improves the economic outcome for Argentina.
Tombolini stated:
The alternative of imports in yuan strengthens our reserves and improves the outlook for n
We współpracy z: https://news.bitcoin.com/argentina-settled-almost-20-of-its-imports-in-april-and-may-using-the-chinese-yuan/
