Wednesday, October 28, 2009
Brazil's Central Bank Mulls Eliminating Use of Dollar in Commercial Transactions Among BRICs
Brazil's central bank chairman, Henrique Meirelles, announced that the bank is considering eliminating the use of the dollar in commercial transactions with other BRIC countries, and investigating the possibility of using local currencies in these transactions.
Labels:
appreciate,
argentina,
Brazil,
BRIC,
China,
depreciate,
India,
real,
Russia,
trade,
U.S. dollar
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