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The Nexus
BUSINESSJun 8 · 08:36 UTCTHE RIO TIMESIolanda Fonseca

Brazil to Sell First Yuan Bond in China to Cut Dollar Reliance

Brazil plans to announce its first sovereign bond denominated in Chinese yuan, known as a Panda bond, during an official visit to Shanghai and Beijing on June 24 to 26. The move aims to reduce reliance on the U.S. dollar.

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BrazilplaceChinese yuantopicPanda bondtopicReutersorganizationShanghaiplaceBeijingplaceU.S. dollartopic
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