Nov 10, 2022
Argentina has publicly fired the first shot at de-dollarization, starting to use RMB for trade settlement, a move that is undoubtedly a head-butt for Biden, who is currently in the midterm elections in the United States.
CCTV news, Argentina RMB clearing bank service launch ceremony, held in the Argentine capital Buenos Aires. So far, Argentina will directly adopt RMB for settlement in its trade with China. The establishment of the RMB clearing mechanism will facilitate cross-border transactions between enterprises and financial institutions of both countries and can further promote trade and investment facilitation.Show less
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