© AFP 2023 / Fred DUFOUR
FOX News: Brazil, China strike trade deal agreement to ditch US dollar
Brazil and China have reportedly struck a deal to ditch the U.S. dollar in favor of their own currencies in trade transactions.
The deal, announced Wednesday, will enable China and Brazil to carry out trade and financial transactions directly, exchanging yuan for reais – or vice versa – rather than first converting their currencies to the U.S. dollar.
Brazil-China The Brazilian Trade and Investment Promotion Agency (ApexBrasil) said the new arrangement is expected to "reduce costs" and "promote even greater bilateral trade and facilitate investment."
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WNU Editor: Another indication that the US is losing its global reserve currency status.
Brazil, China Strike Trade Deal Agreement To Abandon The US Dollar In Trade Transactions
China, Brazil Strike Deal To Ditch Dollar For Trade -- AFP
China, Brazil reach agreement to ditch intermediary US dollar -- China Daily
Drubbing the Dollar: China and Brazil ditch dollar, strike deal to settle trade in yuan, real -- First Post
China, Brazil ink deal to ditch US dollar for direct currency trade -- ET Now
4 comments:
China has never gained so much global influence in so little time. Another "success" by the Chicom-compromised Biden *residency.
Yawn. This was all inevitable
Alexander Beyer hard at work
Indonesian credit cards, probably not the end of that trend...
countries not trading in USD, Sauds not completely in the US camp anymore and 30T in debt with no attempt to fix the debt.
Not looking good for the home team
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