Friday, 9 January 2015

Brazil and Uruguay leaving the Petrodollar, October 2014



trading-currency.si


World Truth TV.  Published  Nov 3, 2014

Great news!! Great news!! 

"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 such a move would strengthen trade across Latin America.

"In November President Vladimir Putin said Russia plans to leave the “dollar dictatorship” of the market and increase the use of the ruble and the yuan in trading with China. Settlements in yuan between China and Russia have increased 800 percent in annual terms between January and September 2014.

"Russia, China and Latin American countries are not the only ones interested in ditching the US dollar. The Eurasian Economic Union EEU which also includes Belarus and Kazakhstan is planning to create a single market for financial services by 2025 which will simplify switching to dollar-free trading. Earlier this week the Russian State Duma proposed the creation of a single area for payment in national currencies. Such measures are expected to minimize Western influence on the economy of the EEU."

Wow !! This has the BRICS thumb print all over it

http://worldtruth.tv/brazil-uruguay-move-away-from-us-dollar-in-trade



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