Brazil and China eye plan to axe dollar

By: michael144

Yuba City : CA : USA | 6 months ago

1 0

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.

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