2023-08-25 01:49:42
It is not clear who will pay the default, whether Banco do Brasil or the Brazilian government. It doesn’t even have to be clear
According to an agreement being worked out at the BRICS meeting, bankrupt Argentina would pay for purchases of services and goods produced in Brazil with the Yuan – the Chinese currency that varies according to the mood of the government there, as China does not have a bank. center that works according to the rules of the market.
With no dollars in cash but getting yuan from somewhere, the Argentine government would collect Chinese paper money from the London branch of Banco do Brasil, which would kindly exchange the yuan for reais. It is not clear who will pay the default, whether Banco do Brasil or the Brazilian government. It doesn’t even have to be clear. The account will even be left for…
#China #business