Brazil and China eye plan to axe dollar
This is a discussion on Brazil and China eye plan to axe dollar within the China News forum, part of the Doing Business in China category; Brazil and China will work towards using their own currencies in trade transactions rather than the US dollar, according to ...
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May 18th, 2009, 05:00 PM
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Brazil and China eye plan to axe dollar
Brazil and China will work towards using their own currencies in trade transactions rather than the US dollar, according to Brazil’s central bank and aides to Luiz Inácio Lula da Silva, Brazil’s president.
The move follows recent Chinese challenges to the status of the dollar as the world’s leading international currency. More... |
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