MERCOSUR: May Expand Using Local Currencies, Avoiding $USD In Trades.

MERCO PRESS/
Mercosur may extend a Brasil/Argentina bilateral trade program which avoids using the US dollar, thus escaping the “greenback’s tensions”. Argentine Minister Armando Boudou said that Argentina’s bilateral trade with Brasil in local currencies had been steadily growing at 15%, “still modest, but sustained”, which is “encouraging”.