Brazil Central Bank Increase Chinese Yuan Its Foreign Reserves - Foreign Affairs - Nairaland
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| Brazil Central Bank Increase Chinese Yuan Its Foreign Reserves by ken6488(m): 11:33pm On Apr 08, 2022 |
BRASILIA, March 31 (Reuters) - Brazil's central bank more than quadrupled its foreign reserves in Chinese yuan last year, policymakers reported on Thursday, as it trimmed holdings of U.S. dollars and euros and built Brazilian reserves of currency from its biggest trade partner. https://www.reuters.com/world/americas/brazil-central-bank-quadruples-exposure-chinese-yuan-2022-03-31/ Expect believe this is because most countries are getting scared on how these currencies are weaponized 1 Like |
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