摘要
Amid a trend of dedollarisation,the currencies of BRICS countries are rising in prominence China and Brazil agreed to trade in the Chinese currency renminbi and Brazilian real before the visit of Brazil’s President Luiz Inacio Lula da Silva to China.This shift away from the US dollar is regarded as pragmatic and rational in the face of the current global financial fiasco.Reports suggest that the BRICS countries(Brazil,Russia,India,China and South Africa)may need to provide an alternative and support a rebalancing of the financial system.
