Latest update: 13/04/2009 

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Argentina considers dumping dollar in Latin American trade
Comments (3)

Argentina drops dollar

by T.S. (not verified) - 08/10/2009 - 01:29

What Argentina is proposing is not radical in the least. OPEC, Russia and China have preliminary agreements to stop trading in the dollar for petro and will implement the Euro instead.

The world has awakened to the reality that our out of control spending and our unnecessary and expensive wars and conflicts coupled with our lack of production in real goods is bankrupting our country. Furthermore, our printing of money in truckloads is not going unnoticed by those that rely on the value of the dollar for stability.

The U.S. is fast losing it's position as top dog in the world economy.

Regional swaps.

by Anonyme (not verified) - 15/04/2009 - 04:09

I would rather think Brazilian Real to be key currency of reference in South America since they have the largest economy. Still the effect on US$ will be not so significant as world trade is mostly in European Union, the British Commonwealth, China and the Far East states of Asia. That is mostly denominated in US$, Euro and a little Yen. China however is creating a Yuan region with ASEAN but it calls for net import trade by China from that region.

Green Dragon

Argentina Wants To Dump The Dollar

by An American (not verified) - 14/04/2009 - 16:52

Perfect idea! Perhaps they could use the Cuban Peso or the Russian Ruble instead. Chavez would love using the Ruble, wouldn't he now? Or maybe Argentina could use all those German Reichsmarks that ended up down there after 1945. Might as well put them to use for something, right?

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