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Non-Tech : The Brazil Board

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From: elmatador	3/30/2023 3:05:36 AM
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The deal will enable China, the top rival to US economic hegemony, and Brazil, the biggest economy in Latin America, to conduct their massive trade and financial transactions directly, exchanging yuan for reais and vice versa instead of going through the dollar. Brazilian President Luiz Inacio Lula da Silva was originally scheduled to attend the forum as part of a high-profile China visit, but had to postpone his trip indefinitely on Sunday after he came down with pneumonia. China has similar currency deals with Russia, Pakistan and several other countries. China, Brazil strike deal to ditch dollar for trade straitstimes.com

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