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IMF Hints that Countries Will Soon Be Able to Repay Debt Using Chinese Yuan Currency

2023-07-25

IMF Hints that Countries Will Soon Be Able to Repay Debt Using Chinese Yuan Currency

By Ethan Huff

Posted on July 24, 2023

 


 

 

Following Argentina’s recent debt repayment in the Chinese yuan, the International Monetary Fund (IMF) has hinted that it may soon accept the yuan from all countries that need to settle their debt obligations.

IMF spokesperson Julie Kozack confirmed that Argentina paid off $1.1 billion of its $2.7 billion debt using the yuan, and that it may soon become the norm for other countries to do the same.

“As we have stated in the past, the Argentine authorities continue to remain current on their financial...

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Tags: argentina, ethan huff, imf, repay debt, yuan currency


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