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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 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 05, 2015
Reserves $18.349 bln