TITLE

China, Brazil eye forex shift

AUTHOR(S)
Investor's Business Daily
PUB. DATE
March 2013
SOURCE
Investors Business Daily;3/27/2013, pA02
SOURCE TYPE
Newspaper
DOC. TYPE
Article
ABSTRACT
China and Brazil agreed to swap up to the equivalent of $30 bil in each other's currencies so that their fast-growing commercial ties will not suffer if a new banking crisis dries up dollar trade finance. They signed the 3-year deal before a summit of BRICS nations — Brazil, Russia, India, China and South Africa. China-Brazil bilateral trade was $75 bil in '12, with Brazil exporting iron ore, soy and other commodities and importing Chinese manufactured goods.
ACCESSION #
86405035

 

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