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.
It was first proposed two years ago.
This involves more than these two nations. A bit of background info from 2007: