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Argentina's use of Chinese yuan is soaring as dollars run short, and a top US manufacturer may join the trend (archive.is)

submitted 1 year ago by [email protected] to c/[email protected]

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[–] [email protected] 8 points 1 year ago

We (I'm from Argentina) have not enough dollars to pay the IMF loan and had a bunch of yuans in reserve China lend us to trade with them, a 'swap' as I heard they call it.

What's worrying is that yuans have a secret loan interest, probably quite a high rate. Don't ask were the IMF loan money went, for sure it wasn't spent on me.