China and Brazil ditching intermediary US dollar to further facilitate trade and investment

The Brazilian government said on Wednesday that Brazil and China have reached a deal to trade in their own currencies, ditching the US dollar as an intermediary. Do you have more details on this?

Mao Ning: Earlier this year, China and Brazil signed a memorandum of cooperation to establish renminbi (RMB) clearing arrangements in Brazil. These arrangements will help enterprises and financial institutions in both countries conduct cross-border transactions using the RMB. They will also further facilitate bilateral trade and investment. Regarding the specifics you asked about, I will need to refer you to the competent authorities.

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[mamacryright]

It's the beginning of the END of USD Hegemony, the ball is rolling hot worldwide now 🔥

[moonshyn_]

brazilian with chinese heritage here, glad to see my countries thriving and freeing themselves from USA’s monopoly ❤💪

[vlada]

What a week. Brazil and China will bypass USD in trade, S.Arabia announced a similar deal with China and build oil refineries AND Saudis will join the SCO and now we are reading that LNG deal between French Total energies and China will also be in non USD currency.
No more middleman in the trade between nations.

[justice.freedom.mankind]

Long live the B🇧🇷R🇷🇺I🇮🇳C🇨🇳S🇿🇦+ and Long live the multipolar world with respect for each people of this globe!

[DKBZA]

For the good of the entire world, the dollar must stop being used for international trade, we are at the beginning of something incredible, the birth of the multipolar world

[soukseng]

Good news. Keep going. We don’t need USD.

[Robin-kvvh]

Everyone is showing middle finger to USA, seems like Karma is baking at USA doors🤣🤣🤣🤣🤣

[dilshab]

I hope China also make such deal with my country Sri Lanka. Please push our government

[tjinc]

Here we go, this is why the American so hopping angry and provoke a war with China.

[Martincic]

<3 BRICS!!
We have to export Samba to China

[leecheong]

It will slowly eat into the usage of the usd for trade which will translate to foreign reserves. This won’t be the last. First Russia and now Brazil. Russia and Brazil is already close to half a trillion loss for the usd. Next the whole Middle East. Saudi has already decide to join SCO. UAE already selling gas to China in Yuan. One by one and bit by bit but will accelerate. Africa will be next led by South Africa. Brazil may open the floodgate for the Latin Americans. It will accelerate very fast.

[marcoscastro]

This is just the beginning mercosur is next to deal with china on their own terms and conditions.

[yellowbhee]

This should teach them a lesson forever and no turning back.... Heck'em

[Johnnbruno]

The situation of human rights violation is alarming in Brazil😂😂 They need democracy.

[DC-qjdt]

There goes the US's passive income.

[chasefancy]

Yaux Sigaan! Ni go ho gun yu. Brazil ho doh yeh jo. Brazil sik mmmsik gong gwantungwa a? Mmmsik! Dimgaii! Brazil jeung yi chin!

[MrCucaisme]

The Western world is shitting a brick. It just got REAL! Literally 😅

[taiwanstillisntacountry]

I hope🤞🏼 my little Nuofu-inu boi's, are paid in rupy-rupy and not in $$$.
Come boi's, keep barky barky.
Have you eaten your daily veggie-curry yet?
And there he is, my own little Nuofu-inu boi stalker.
Glory-to-you-know-what Nuofu-inu boi

[adis.g]

HAHAHHHAAHAHAHHAH, 95 likes 0 dislikes, ppl fed up with murica. Let murica be zombieland and shootingland

[gabriellaveron]

Crypto currency and NFTS will outsmart the banking system in the nearest future serving as a global fiat. Already making much profit from my current investment
Thank to you Mrs Yen Mabel.