Argentina to Settle Chinese Imports in Yuan to Safeguard Dwindling Dollar Reserves

chinese yuan argentina dollars chinaThe economy minister of Argentina, Sergio Massa, announced that starting this month, payments for imports coming from China will be settled using the Chinese yuan. The agreement, which will allow the country to safeguard its dwindling dollar reserves, involves the disbursement of more than $1 billion in April. Argentina to Settle Bilateral Transactions With China […]

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Latam Common Currency to Focus on Settlements Among Mercosur and BRICS Countries

luis inacio lula da silva brazil common currency latam mercosur bricsPresident of Brazil Luis Inacio Lula Da Silva clarified the scope and reach of the common currency that Brazil and Argentina are studying to issue in Latam. Lula Da Silva clarified that he believed this currency would be used to settle cross-border payments between the two countries and also countries from BRICS and Mercosur. Lula […]

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Elon Musk Praises Reports on Latam Common Digital Currency: ‘Probably a Good Idea’

latam common currency brazil argentina elon muskElon Musk, CEO of Twitter, SpaceX, and Tesla, has given his opinion about the latest reports on the creation of a common currency in Latam, to be initially worked on by Argentina and Brazil. Musk stated that this move would be “probably a good idea,” commenting on the topic on social media. Elon Musk Gives […]

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Brazil and Argentina to Start Working on Creation of Latam Common Currency

common currency latam brazil argetinaBrazil and Argentina are looking to begin work on the issuance of a common currency. Sergio Massa, minister of the economy of Argentina, also stated that the two countries will be inviting other nations in the area to join this economic integration project in the future. Brazil and Argentina to Spearhead Common Currency Issuance Project […]

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Argentina to Launch ‘Fair Prices’ Program to Battle Raging Inflation Numbers

argentina fair pricesThe government of Argentina has begun to act in several directions to control the raging inflation numbers registered this year. Sergio Massa, minister of treasury, proposed a program called “Fair Prices,” to force retailers and producers to establish a fixed price on various products, to be maintained for up to 90 days. Argentina to Rely […]

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