Brazil and Uruguay agree to bilateral trade in local currencies

Monday, November 3rd 2014 - 08:59 UTC

Full article 5 comments

Brazil and Uruguay as of next December will be able to use local currencies in bilateral trade, disregarding appealing to US dollars, based on the agreement signed last Friday between the central bank presidents of the two countries, Alexandre Tombini (Brazil) and Alberto Graña (Uruguay). Read full article

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Brasileiro
The dollar is losing confidence and importance. It is a worldwide trend.

And when the dollar is no longer needed for business transactions between countries?

And when the dollar is no longer the international reserve currency?

What Western countries make about their monstrous debts and their deficits?
Nov 03rd, 2014 - 11:01 am - Link - Report abuse 0
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Tik Tok
Hey numbskull Brasshole, pot calling the kettle black, it's actually Brazil currency that is losing confidence, devaluing......it's actually Brazil building up debt and not balancing its books....its actually Brazil protectionism that makes the country less relevant in a globalized world....
Nov 03rd, 2014 - 02:32 pm - Link - Report abuse 0
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ChrisR
Not too sure this is a good idea for Uruguay with DumbAss still in charge.

All she has demonstrated is how she loves to mess with Mr. Market. She has STILL to learn that Mr. Market doesn't like being messed with and WILL get his revenge.

Also Brazil seems to be full of deadheads like the PT and their loyal idiot Brasso. There is no talking to be had with dummies.
Nov 03rd, 2014 - 04:40 pm - Link - Report abuse 0
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313toBioBio
0+0=0
Nov 04th, 2014 - 01:31 am - Link - Report abuse 0
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yankeeboy
All these ridiculous bi-lateral currency exchanges work until the 1st one has a huge devaluation and the other country is stuck with worthless scrip.

It is just a matter of time.
And when one domino drops so will all the others

Its not like Argentina, Brazil or Russia knows how to run an economy. All 3 desperate losers trying to prop each other up.
Good luck
They're all drowning pulling each other and they don't even realize it.
Nov 04th, 2014 - 12:21 pm - Link - Report abuse 0
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