Ditching The Us Dollar Both China And Brazil Aim To Settle In Own Currency
The new deal
Brazil has just cut a deal with China to ditch the US dollar when paying each other for trade goods. It’s the latest victory in Beijing’s long-term drive to stomp on the
The new deal, announced by Brazil on Wednesday, allows China and Brazil to exchange Chinese Yuan for Brazilian Real, cutting out the traditional US intermediary to
Drubbing the Dollar: China and Brazil ditch dollar
Brazil and China have reached
China and Brazil to Settle Trade in Their Own Currencies - Watcher
Brazil and China have reached an agreement to ditch the U.S. dollar in favor of using their own currencies for transactions, a move that officials say will save both sides costs.
China, Brazil announce de-dollarization of mutual trade
The new deal will allow
China, Brazil strike deal to ditch dollar for trade
Brazil, China strike trade deal agreement to ditch US dollar
The new deal will allow China and Brazil, both top rivals to the US economy, to execute trade and financial transactions directly with one another, exchanging yuan for reais
China, Brazil reach agreement to ditch intermediary US
China, Brazil ink deal to ditch US dollar for direct currency trade
Brazil, China ditch US dollar for trade payments, favour yuan