Brazil, China Plan to Drop Dollar Is ‘Idle Talk’ - Instablogs
Brazil, China Plan to Drop Dollar Is ‘Idle Talk’
Richard , London: May 22 2009
Made Popular May 22 2009
Brazil :
China and Brazil’s proposal to abandon the dollar for bilateral trade and use yuan and reais instead is “pure idle talk,” former Brazilian central bank President Gustavo Franco said. “Replacing the dollar as an invoicing currency for...
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Tags: Brazil-China relations, Chinese influence in latin america, Dollar dominance, Lula da Silva
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Marshall
3 Stars
Marshall May 22 2009
Shenzhen, China
Dollar’s hegemony should come to an end. It’s a nice idea to change the mode of trade from dollar to Yuan.
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Celso Camargo
1 Stars
Celso Camargo desencanado.tk Jun 6 2009
Campinas, Brazil
I agree with you. And the best part is that Brazil and China do not need to create a new currency. Bouth are American creditors and may well complement their needs.
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