Argentina's use of Chinese yuan is soaring as dollars run short, and a top US manufacturer may join the trend (archive.is)

submitted 1 year ago by yogthos@lemmy.ml to c/worldnews@lemmy.ml

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[-] qwamqwamqwam@sh.itjust.works 7 points 1 year ago

For the record, this has more to do with Argentine financial mismanagement and China’s “expansive” fiscal policy than with the dedollarization that the headline is trying to imply.

[-] libscratcher@lemmygrad.ml 5 points 1 year ago

I mean, 10 years ago China would not have been an option, just more IMF loans. Seems to fit the label of dedollarization perfectly.

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this post was submitted on 15 Jul 2023

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