© Provided by Xinhua The Global South Local Currency Cooperation Forum is held in Sao Paulo, Brazil, Nov. 12, 2024. (Photo by Lucio Tavora/Xinhua) Local currencies used in cross-border trade and investment activities would help reduce foreign exchange costs, mitigate currency risks, facilitate trade and investment,... read full story
"in the context of reducing transaction costs and promoting financial integration between the two countries,"