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Argentina will start paying for Chinese imports using yuan rather than U.S. dollars in a move to preserve the country’s dwindling American currency reserves. After reaching agreements with various companies, the nation will pay for more than $1 billion of Chinese imports in yuan in April and an additional $790 million to $1 billion of imports starting next month, Economy Minister Sergio Massa said at a meeting in Buenos Aires with Chinese Ambassador Zou Xiaoli.
Source: datamarnews.com