this post was submitted on 15 Jul 2023

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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 (10 children)

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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