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PRATHAM

Experimenting On lea... • 3m

Ethiopia, a BRICS nation, is in earlystage talks with China to convert $5.38 billion of its US dollar-denominated loans into Chinese yuan. This aims to cut foreign exchange costs, boost local currency use in forex markets, and ease repayments similar to India's $7 billion savings from buying oil in local currencies and trade in inr with Nepal and Bhutan. W for all lol and L for USD

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