Friday, March 31, 2023

Brazil, China Strike Trade Deal Agreement To Abandon The US Dollar In Trade Transactions

© 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." 

Read more ....  

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  

Brazil, China Sign Agreement to Trade in Yuan -- Sputnik

4 comments:

  1. China has never gained so much global influence in so little time. Another "success" by the Chicom-compromised Biden *residency.

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  2. Yawn. This was all inevitable

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  3. Alexander Beyer hard at work

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  4. 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

    ReplyDelete