The trade between China and Brazil has achieved the first -class closed -loop operation of RMB valuation, settlement, financing, and direct exchanges.
According to China News Agency, on Monday (October 2) local time, the reporter learned from Bank of China (Brazil) Co., Ltd. (hereinafter referred to as "BOC Brazil")The entire process of transaction is closed -loop transaction.
BOC Brazil has successfully handled the RMB credit card discount business for Brazilian companies on September 28, and immediately exchanged for Brazil's Real to account.RMB directly exchanged for the full -circuit operation of Real.
The first test of the water was Eldorado Brasil, Brazil.Established in 2010, the company is one of the most competitive companies in the field of Plash Pulfur industry. About 40 % of the products are sold to China.In August of this year, the company accepted an imported enterprise in Xiamen, China adopted the RMB as a contract for the contract, and designated BOC Brazil as the receiving bank to test the water for the RMB.
The 43 box of pulp of Brazilian Erdogo Palm Company set off to the Qingdao Port, China from the port of Santos, Brazil on August 26.In September, BOC Brazil received the RMB delayed payment letter of payment issued by the importer, and then notified the Brazilian Erdoglado Pulp Company to complete the review of freight documents and credit certificates. On September 28,Certificate stickers cash out business to help exporters receive RMB in advance.
According to Brazil's foreign exchange management regulations, BOC Brazil instantly exchanged the received RMB directly into Rayal's entry in Brazil, and to the customer's local account, realizing the RMB pricing of cargo transactions, to the RMB of funds tradingA closed -loop operation of settlement, financing, and direct redeem of local currency.
In April of this year, during the visit to China President Lula, the two countries signed a memorandum of understanding of cooperation to promote the local currency trade.
