Steve_A
04-04-2009, 02:16 AM
Hi Everybody,
Some time ago I posted a thread about Brazil and Argentina using their individual currencies to trade between the two countries, instead of using the $ as a common currency. There was also talk to include other Mercosur countries in this form of international trade.
After the G20 summit, President Lula of Brazil also suggested this to the Chinese President Hu Jintao, that instead of using the $ in international transactions between the two countries, they could be realized using the Brazilian Real and the Chinese Yuan.
Do you think that Lula knows something we don't?
http://www.bbc.co.uk/portuguese/noticias/2009/04/090403_g20lulachina.shtml
Best regards,
Steve
P.S. I just remembered something. Didn't the G20 come up with a plan to make another common currency? Why would Lula ignore that and want to deal directly with the Chinese?
Some time ago I posted a thread about Brazil and Argentina using their individual currencies to trade between the two countries, instead of using the $ as a common currency. There was also talk to include other Mercosur countries in this form of international trade.
After the G20 summit, President Lula of Brazil also suggested this to the Chinese President Hu Jintao, that instead of using the $ in international transactions between the two countries, they could be realized using the Brazilian Real and the Chinese Yuan.
Do you think that Lula knows something we don't?
http://www.bbc.co.uk/portuguese/noticias/2009/04/090403_g20lulachina.shtml
Best regards,
Steve
P.S. I just remembered something. Didn't the G20 come up with a plan to make another common currency? Why would Lula ignore that and want to deal directly with the Chinese?