
The pact will allow both countries respective central banks to swap local currencies worth up to 190bn yuan or 60bn reais. Officials said this will ensure smooth bilateral trade, regardless of global financial conditions.
The deal, signed on the side-lines of the fifth Brics summit in Durban, South Africa, is all the more significant given that China remains Brazil’s largest trading partner.




VodacomTZ-Africa.Telecoms-Apr13-Bro-s.pdf





