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You are here: Home»Top News»Pakistan Top News»China, Brazil sign to deal trade own currencies

brazil-trade-4003DURBAN: BRICS members China and Brazil agreed on Tuesday to use their own currencies in bilateral trade in a deal that will cover the equivalent of up to $30 billion in trade exchanges per year, for three years.

The accord was signed by the Chinese and Brazilian central bank governors and finance ministers in Durban, hours before the start of a summit in South Africa of the BRICS group of emerging powers.

Copyright Reuters, 2013


 



 
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Banking Review 2013


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China free shipping trade platform

Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln