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Government Plans To Use Yuan As Part Of IMF Payment

ARGENTINA
  • Argentina plans to make a $2.7 billion payment to the International Monetary Fund by returning special-drawing rights issued by the lender and using Chinese yuan, according to newspaper La Nacion.
  • The country will use $1.7 billion of SDRs and pay the rest in yuan to settle the debt due Friday, La Nacion reported, citing unidentified government officials. (Bloomberg)

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