{"id":1687,"date":"2023-04-27T06:53:23","date_gmt":"2023-04-27T01:23:23","guid":{"rendered":"https:\/\/news.cetoex.com\/?p=1687"},"modified":"2023-04-27T06:53:24","modified_gmt":"2023-04-27T01:23:24","slug":"argentina-to-pay-for-imports-in-chinese-yuan-ditching-us-dollar","status":"publish","type":"post","link":"https:\/\/news.cetoex.com\/argentina-to-pay-for-imports-in-chinese-yuan-ditching-us-dollar\/","title":{"rendered":"Argentina To Pay for Imports in Chinese Yuan, Ditching US Dollar"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/watcher.guru\/news\/wp-content\/uploads\/2023\/04\/1200x-1-1-800x533.jpg.webp\" alt=\"Chinese Yuan Replaces US Dollar as the Most Traded Currency in Russia\"\/><\/figure>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Cetoex News &#8211; <\/strong> According to a\u00a0Wednesday announcement\u00a0by the government, Argentina will start to pay for Chinese imports in Chinese Yuan rather than dollars.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">The decision aims to ease the outflow of dollars, Argentina\u2019s Economy minister Sergio Massa said during an event following a meeting with the Chinese ambassador, Zou Xiaoli, as well as with companies from various sectors.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">Argentina\u00a0is battling critical levels in its US dollar reserve. This is after a sharp drop in agricultural exports caused by a historic drought. Political uncertainty ahead of elections this year are also impacting these levels .<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/watcher.guru\/news\/wp-content\/uploads\/2023\/02\/business_yuan_815649102-1024x770.jpg.webp\" alt=\"Argentina Chinese Yuan replaces US Dollar\" class=\"wp-image-76602\"\/><figcaption class=\"wp-element-caption\">Source: WIRED<\/figcaption><\/figure>\n\n\n\n<p class=\"has-medium-font-size\">In April, it aims to pay around $1 billion of Chinese imports in yuan instead of dollars. Thereafter, around $790 million of monthly imports will be paid in yuan, a government statement says.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">Earlier today, the Chinese Yuan surpassed USD in Chinese cross-border transactions.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p class=\"has-medium-font-size\"><strong>NEWS BY &#8211; CETOEX NEWS<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cetoex News &#8211; According to a\u00a0Wednesday announcement\u00a0by the government, Argentina will start to pay for Chinese imports in Chinese Yuan rather than dollars. The decision aims to ease the outflow&hellip; <\/p>\n","protected":false},"author":1,"featured_media":1689,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[20],"tags":[758,41,44,640,337],"class_list":["post-1687","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-argentina","tag-cetoex","tag-cetoex-news","tag-chinese-yuan","tag-us-dollar"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/news.cetoex.com\/wp-content\/uploads\/2023\/04\/1200x-1-1-800x533.jpg-2.webp","_links":{"self":[{"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/posts\/1687"}],"collection":[{"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/comments?post=1687"}],"version-history":[{"count":1,"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/posts\/1687\/revisions"}],"predecessor-version":[{"id":1690,"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/posts\/1687\/revisions\/1690"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/media\/1689"}],"wp:attachment":[{"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/media?parent=1687"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/categories?post=1687"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/tags?post=1687"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}