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Brazil
17 April 2023

ICBC Brazil processes first cross-border RMB settlement transaction
Industrial and Commercial Bank of China (Brazil) Ltd said it has successfully processed its first cross-border renminbi settlement transaction.
16 April 2023

“Leap forward” in Brazil-China relations with deals signed in 15 areas from agriculture to aeronautics
Agreements between China and Brazil in 15 areas, ranging from agriculture to aeronautics, were signed during the trip to Beijing by Brazil’s President Luiz Inácio Lula da Silva, with officials speaking of a "leap forward" in relations.
05 April 2023

Chinese-Brazilian Bank BBM to begin clearing operations without USD in July
The first institution accredited to operate the China Interbank Payment System (Cips) payment platform in Brazil, Bocom BBM plans to begin in July clearing operations between Brazil and China without the use of the dollar.
31 March 2023

Brazil and China central banks agree to boost yuan-real transactions
The central banks of Brazil (BC) and China (PBC) signed a memorandum of understanding to enable a financial instrument that allows transactions to be made in yuan, Chinese currency, and converted into reais in " faster and less costly way".
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