China and Brazil to Settle Trade in Their Own Currencies - Watcher

China, Brazil announce de-dollarization of mutual trade

China, Brazil ink deal to ditch US dollar for direct currency trade

The new deal will allow

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

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

Drubbing the Dollar: China and Brazil ditch dollar

The new deal

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

China, Brazil strike deal to ditch dollar for trade

Brazil, China ditch US dollar for trade payments, favour yuan

Brazil and China have reached

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 reach agreement to ditch intermediary US

Brazil, China strike trade deal agreement to ditch US dollar