No use of USD as an intermediate currency! Brazil and China direct local currency settlement


2023-03-31: [Chinese Article Link] Important news for the RMB! Brazil announces direct local currency settlement with China Brazil has reached an agreement with China to no longer use the U.S. dollar as a middle currency, but to trade in its own currency, according to Fox Business Channel on the evening of The agreement allows China


Note: This is a machine translated version of the Chinese news media article. A mature and nuanced reading is suggested.

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No use of USD as an intermediate currency! Brazil and China direct local currency settlement


2023-03-31: [Article Link] Important news for the RMB! Brazil announces direct local currency settlement with China Brazil has reached an agreement with China to no longer use the U.S. dollar as a middle currency, but to trade in its own currency, according to Fox Business Channel on the evening of The agreement allows China

Note: This is a translated version of the Chinese news media article. A mature and nuanced reading is suggested.