Economy Key Facts —The reserves. Since 2023 the renminbi has been Brazil’s second-largest reserve currency, ahead of the euro. —The plumbing. Brazilian banks now link directly to CIPS, China’s cross-border payment network. —The bond. Brazil has started the process to issue its first sovereign bond in Chinese currency. —The investment. Brazil became the top global […] The post China’s Currency Is Quietly Building a Home Inside Brazil’s Financial System appeared first on The Rio Times.