China and Brazil sign $30bn currency swap deal

China and Brazil Getting Ready for Another Crisis

Post on March 31, 2013, 5:00 pm by the-victoria-law-group 1 Comments

I don’t see a currency swap deal between two emerging global power as a good sign. A $30 billion currency swap deal between Brazil and China is expected to smooth trade between the two countries despite changing global financial conditions and future crises. It seems that there is a prediction that the global economy will sour again before recovery.

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Filed Under: Business in Brazil

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