China says it will set up yuan clearing arrangements in Brazil
BEIJING, Feb 7 (Reuters) – China’s central bank has signed a memorandum of understanding on setting up yuan clearing arrangements in Brazil, it said on Tuesday, in a move to help boost the currency’s global clout.The establishment of such arrangements for the renminbi (RMB), or the yuan, would be beneficial to cross-border transactions, and further […]
Brazil and Argentina to discuss common currency
BUENOS AIRES, Jan 22 (Reuters) – Brazil and Argentina aim for greater economic integration, including the development of a common currency, Brazilian President Luiz Inacio Lula da Silva and Argentine leader Alberto Fernandez said in a joint article they penned.”We intend to overcome the barriers to our exchanges, simplify and modernize the rules and encourage […]