Argentina Says It Will Pay For Chinese Imports In Yuan Instead Of Dollars
NDTV
Argentina's government on Tuesday accused the country's rightwing opposition of fueling a dramatic erosion of the peso against the dollar, and ordered an investigation.
Argentina will pay for Chinese imports in yuan instead of US dollars in order to preserve its dwindling foreign reserves, Economy Minister Sergio Massa said on Wednesday.
The South American country will be able to "program a volume of imports in yuan worth (the equivalent of) more than $1 billion from next month," Massa said at a meeting in Buenos Aires with China's ambassador Zou Xiaoli.
This would "replace" the use of Argentina's US dollar reserves.
Argentina's government on Tuesday accused the country's rightwing opposition of fueling a dramatic erosion of the peso against the dollar, and ordered an investigation.
