Argentina Pays IMF Loan in Yuan, Advances BRICS De-dollarization Efforts
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Argentina paid part of a $2.6 billion IMF loan in Chinese yuan instead of US dollars due to dollar scarcity.
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Yuan now makes up 28% of Argentina's daily foreign exchange transactions.
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Move indicates BRICS countries are advancing de-dollarization efforts.
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China cleared a $6.5 billion currency swap line for Argentina.
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Multinational companies in Argentina, including Whirlpool, are using yuan for imports.