Argentina will use yuan for payments with China –

/ world today news/ Yesterday, the Minister of Economy of Argentina announced at a press conference that his country will use the yuan instead of the US dollar in payments with China.

He stressed that the currency swap agreement between Argentina and China is not only beneficial for strengthening the foreign exchange reserve, but will also stimulate bilateral trade. The Argentine minister stressed that after the signing of contracts between enterprises from the two countries, Argentina will pay in yuan for Chinese goods worth about 1.04 billion US dollars for the corresponding month.