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Argentina to Settle Chinese Imports in Yuan to Safeguard Dwindling Dollar Reserves

Author: btcethereumadmin

United States

Source: BTC Ethereum Crypto Currency Blog

Apr 29, 2023 01:20

Argentina to Settle Chinese Imports in Yuan to Safeguard Dwindling Dollar Reserves

The economy minister of Argentina, Sergio Massa, announced that starting this month, payments for imports coming from China will be settled using the Chinese yuan. The agreement, which will allow the country to safeguard its dwindling dollar reserves, involves the disbursement of more than $1 billion in April. Argentina to Settle Bilateral Transactions With China

The post Argentina to Settle Chinese Imports in Yuan to Safeguard Dwindling Dollar Reserves appeared first on BTC Ethereum Crypto Currency Blog.

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Argentina to Expand De-Dollarization Efforts; Seeks Extension of Yuan Based Swap Line With China

Author: Crypto Breaking News

United Kingdom

Source: Crypto Breaking News

May 27, 2023 02:10

Argentina to Expand De-Dollarization Efforts; Seeks Extension of Yuan Based Swap Line With China

The government of Argentina is reportedly seeking to expand its de-dollarization agreement with China due to the lack of dollars that the country is facing. According to reports, Economy Minister Sergio Massa would be in talks to expand the current swap line to double the available amount from $5 to $10 billion, lent in Chinese [...]

The post Argentina to Expand De-Dollarization Efforts; Seeks Extension of Yuan Based Swap Line With China appeared first on Crypto Breaking News.

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Author: btcethereumadmin

United States

Source: BTC Ethereum Crypto Currency Blog

Dec 06, 2022 01:20

Argentina Signs Automatic Tax Data Sharing Agreement With the United States

The government of Argentina has signed a data sharing agreement with the U.S. to enhance the cooperation of the countries in the tax arena. The agreement, which was signed by Sergio Massa, minister of economy of Argentina, and U.S. ambassador Marc Stanley, will allow the Argentine national tax authority to receive information from accounts and

The post Argentina Signs Automatic Tax Data Sharing Agreement With the United States appeared first on BTC Ethereum Crypto Currency Blog.

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Argentina Settled Almost 20% of Its Imports in April and May Using the Chinese Yuan

Author: Crypto Breaking News

United Kingdom

Source: Crypto Breaking News

Jun 20, 2023 02:10

Argentina Settled Almost 20% of Its Imports in April and May Using the Chinese Yuan

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 [...]

The post Argentina Settled Almost 20% of Its Imports in April and May Using the Chinese Yuan appeared first on Crypto Breaking News.

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