Brazil and Argentina to stop using US dollar for bilateral trade. This avoids costs for exchanging money from local currency to US dollars and back
again, which makes sense. I also think it's slightly coincidental at the current time, rats off a sinking ship anyone?
Isn't about 60% of US currency is outside of the country? I couldn't find any links to review that number though. What happens when more and more
people stop trading in US dollars.. it is not backed by anything so it would loose value even more. Brazil, Argentina and for oil Saudi Arabia has
been now added to the list. Who's next?
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