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Brazil, Uruguay move away from US dollar in trade
Wednesday, December 10, 2014 5:49
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http://www.hangthebankers.com/ Brazil and Uruguay have switched to settling bilateral trade with local currency to stimulate turnover, bypassing the US dollar. Payments in the Brazilian real and Uruguayan peso started on Monday. The agreement was signed on November 2 by the head of Brazilian Central Bank Alexandro Tombini and his Uruguayan counterpart Alberto Grana. Both countries believe … http://www.hangthebankers.com/
Source: http://www.hangthebankers.com/brazil-uruguay-move-away-from-us-dollar-in-trade/
