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The time is now 11:43 pm
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June 12, 2024, 11:31 pm
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Brazil, Argentina drop dollar for bilateral trade
Published:
Brazil and Argentina are ready to stop using U.S. dollars to trade goods between them.
Brazil's president tells the Buenos Aires-based Clarin newspaperthat exports and imports between the two nations will be bought andsold in local currency — reals and pesos.
President Luiz Inacio Lula da Silva did not say when the measure would take effect.
http://www.iht.com/articles/ap/2008/09/07/business/LA-Brazil-Argentina.php
It was first proposed two years ago.
This involves more than these two nations. A bit of background info from 2007:
http://www.iht.com/articles/2007/10/22/business/bank.php
(Locked)
Entry #158
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How old fashion is using 50 cents coins and nickles or so it looks...
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