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Argentina to Settle Chinese Imports in Yuan to Safeguard Dwindling Dollar Reserves – Economics Bitcoin News

The economy minister of Argentina, Sergio Massa, announced that starting this month, payments for imports coming from China will be settled using the Chinese yuan. The agreement, which will allow the country to safeguard its dwindling dollar reserves, involves the disbursement of more than $1 billion in April. Argentina to Settle

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Russia Negotiating Free Trade Deal With India to Facilitate Imports in the Face of Sanctions – Economics Bitcoin News

Russia is in the process of negotiating a free trade deal with India in order to substitute part of the products and investments that were banned by sanctions enacted after the Ukrainian conflict erupted. Russia is now the largest oil supplier of India, with the country taking advantage of the

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Turkey’s September Gold Imports up by 1,700% as Individuals Swap Falling Lira With the Precious Metal – Emerging Markets Bitcoin News

Turkey’s gold imports of just over 39,000 kilograms in September 2022 are more than 16 times the quantity that was brought into the country in September 2021. The surge in Turkey’s gold imports is reportedly being spurred by the rise in demand for the precious metal by individuals and entities

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Alibaba Imports E-Commerce Platform Adopts Blockchain Traceability System

Chinese e-commerce giant Alibaba announced its import e-commerce platform Koala has updated its products to include a full-link traceability blockchain system on March 16, according to a Sina Finance report from March 17. Blockchain increases logistic transparency The report revealed that the integration of Ant Financial’s blockchain in the Koala platform

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