Brazil-China bilateral trade in Real and Yuan instead of US dollar

Tuesday, June 30th 2009 - 06:40 UTC

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The Brazilian Central Bank announced it had reached an initial understanding with China for the gradual elimination of the US dollar in bilateral trade operations which in 2009 are estimated to reach 40 billion US dollars. Read full article

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Bubba
“Can you hear that, Mr. Anderson? It is the sound of inevitability.” Line from the Matrix. When two third world nations get to gether with their currencies, somebody is gonna get screwed. Seems like Brazil better get ready to rodeo....
Jun 30th, 2009 - 11:26 am - Link - Report abuse 0
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Bubba
Brazil, with a GDP equal to the state of New York, hooks up with China, with a GDP equal to Germany, getting together to tell the world how to do business, it is to laugh, especially if you have purchased or used any Chinese slave made capital goods recently..
Jun 30th, 2009 - 11:34 am - Link - Report abuse 0
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