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China and Brazil
March 30th, 2023 - 08:39 GMT

China, Brazil to stop trading in US dollar

ALBAWABA - China and Brazil announced reaching a deal to stop trading in the U.S. dollar and to start dealing in local currencies, AFP reported on Wednesday citing the Brazilian government. Under the deal, both countries will ditch the U.S. dollar as an intermediary and conduct all of their trade and financial transactions directly by using yuan and reais. ?China and Brazil have reached a deal to trade in their ...
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