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Brazil, Argentina drop dollar for bilateral trade


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:


Entry #158


Comment by pumpi76 - September 9, 2008, 7:11 am
Good...I don't know why countries don't use the dollar...
How old fashion is using 50 cents coins and nickles or so it looks...
Comment by pumpi76 - September 9, 2008, 10:12 pm
my bad i meant to say: Not good..

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