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In Brazil, ELDORADO exports to China in RMB for the first time

September 26, 2023

In Brazil, ELDORADO exports to China in RMB for the first time

CCTV financial life paper magazine 2023-09-11 15:28, published in Beijing

 

According to Brazilian media reports, Brazilian pulp company El Dorado (ELDORADO) first used the yuan as its first trade settlement currency when exporting the pulp to China. The company's first batch of export containers to China left for China on August 25.

Fernando, chief financial officer of El Dorado, said the settlement was a new attempt for the company. Founded in 2010, ldorado is one of the most competitive companies in Brazil's pulp industry, with 40 percent of its pulp sold to China.


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