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Montevideo, November 22nd 2024 - 02:32 UTC

 

 

Brazil and China conduct a landmark trade operation in Yuan and Reais

Friday, October 6th 2023 - 08:45 UTC
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For the first time a trade operation between Brazil and China was conducted in a closed-loop system using local currencies, Yuans and Reais, without any involvement of US dollars. The transactions were financed and settled in yuan, directly converted into Brazilian real, without any involvement of the US dollar. Read full article

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