Brazilian PM: Don't Use $ for Brazil-China Trade
Posted: Mon May 18, 2009 2:01 pm
Brazil and China will start conducting business with each other in their own currencies instead of the dollar, a publication quoted Brazil's president Luiz Inácio Lula da Silva as saying ahead of his trip to Beijing.
In an interview published Friday in Caijing, a respected Chinese business magazine, Lula said it was important that the two countries "establish a trade that is paid for in our own currencies."
"We don't need dollars." Lula was quoted as saying in the transcript posted on Caijing's Web site. "It's crazy that the dollar is the reference and that you give a single country the power to print that currency
http://www.brazzilmag.com/content/view/10743
In an interview published Friday in Caijing, a respected Chinese business magazine, Lula said it was important that the two countries "establish a trade that is paid for in our own currencies."
"We don't need dollars." Lula was quoted as saying in the transcript posted on Caijing's Web site. "It's crazy that the dollar is the reference and that you give a single country the power to print that currency
http://www.brazzilmag.com/content/view/10743
