China, Brazil trade in local currencies for first time venezuelastar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from venezuelastar.com Daily Mail and Mail on Sunday newspapers.
For the first time a trade operation between Brazil and China was conducted in a closed-loop system using local currencies, Yuans and Reais, without any involvement of US dollars. The transactions were financed and settled in yuan, directly converted into Brazilian real, without any involvement of the US dollar.
China and Brazil have successfully traded in their own currencies for the whole process of the transaction, marking a milestone in their bilateral trade relations, according to the Bank of China, a major Chinese lender. The BOC said
China, Brazil trade in local currencies for first time-Xinhua chinaview.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinaview.cn Daily Mail and Mail on Sunday newspapers.
China, Brazil trade in local currencies for first time china.org.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from china.org.cn Daily Mail and Mail on Sunday newspapers.