Regional Currency to Replace Dollar in Argentina-Brazil Trade

[Demeter]

http://www.economicpolicymonitor.com/


The latest development in the slow collapse of the dollar:

Argentina and Brazil, South America's two largest economies, will drop the U.S. dollar in favor of a regional currency in their bilateral trade starting in October 2007, Argentine Economics Minister Felisa Miceli said.
posted by Raymond Weber @ 4:41 PM

[Selatius]

1. Expect the value of the Dollar to drop a little more as Brazil and Argentina start dumping dollars.

This will make the price of everything foreign-made inside the US go up just a little more.