According to the portal G1, citing a statement by the Brazilian regulator, the operator of such a center in Brazil will be determined by the Central Bank of China. It is specified that such a financial instrument will allow to abandon the dollar currency in bilateral trade and will make the conversion of yuan into reals faster and less costly.
"A similar Chinese initiative was first implemented in Hong Kong in 2003 and is currently operating in more than 25 countries," the Central Bank added.
Earlier, Russian Foreign Minister Sergei Lavrov said that the ideas of different countries to increase the share of trade in national currencies are due to the actions of the United States.
Trade counselor of the Malaysian Embassy in Russia Haifil Elmi Jamil said that the country's authorities are also studying the possibility of settlements with Russia in national currencies.