CASE STUDY: Why Brazilian importer Gala pays in Rmb

Brazilian importer Gala Embalagens recently made its first import payment in renminbi.The toy manufacturer has said all future payments made to China will be in the Asian currency.

By Daniel Flatt

Apr 8, 2013

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Brazilian toy retailer Gala Embalagens recently made its first (and what HSBC claims is the first ever made in Brazil) import transaction in renminbi to its key China-based manufacturing supplier, Delta Superior.

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