Brazil proposes yuan guarantees in trade with Argentina amid dollar shortage

Brazil's finance minister has proposed using Chinese yuan guarantees to reduce trade risks with Argentina, as the country faces a dollar shortage and its currency, the peso, continues to perform poorly in the global market.

businessinsider.com

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Posted 8/23/2023, 8:22:00 PM

Brazil proposes yuan guarantees in trade with Argentina amid dollar shortage

businessinsider.com

Relevant topic timeline:

8/22/2023

Argentina needs a recession, not dollarization, to tackle the peso crash, an economist says

Argentina should focus on fiscal spending cuts and a recession rather than adopting the dollar as its currency to address the recent peso crash, according to an economist.

8/23/2023

EMERGING MARKETS-Argentinian peso slips, stocks jump ahead of IMF's loan disbursement meet

8/23/2023

Exclusive: Argentina to use IMF money to pay back part of a currency swap with China -sources

8/23/2023

Brazil's real, not the dollar, could be the solution to Argentina's currency turmoil, an economist says

8/24/2023

EMERGING MARKETS-Most Latam FX slip as dollar pops; Chile's peso hits 3-week high

9/5/2023

Argentina should avoid dollarization as it can trap the country in Ecuador-like economic morass, one economist says

Argentina should avoid dollarizing its currency and learn from Ecuador's experience, as it could lead to a prolonged period of economic weakness, according to economist Robin Brooks.

9/7/2023

Argentina Faces Risk of Peso Devaluation After Presidential Election

Argentina's peso currency is at risk of another devaluation after the upcoming presidential election, with estimates suggesting a 16.6% devaluation in the three months following the vote.

9/13/2023

Argentina weighs pros and cons of ditching peso for dollar like Ecuador