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Chinese currency goes international in first yuan-based cross-border commercial loan

North America 06:55, 21-Dec-2023

Paulo Cabral

South America;Brazil
03:39

The first yuan-based cross-border commercial loan was recently completed in Brazil marking a major step toward the internationalization of the Chinese currency. A Chinese company that operates a major hydropower plant in Brazil was the recipient.

Paulo Cabral reports from Brazil.

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