4. The high currency in Brazil
Brazil doens’t know what to do…
Importers will be punished
Caused by several factors
The real is the present-day currency of Brazil
Have to protect their own sectors
5. China and his memorandum
Lending money
Own Development Bank
Import and export
Heads of the BRICS countries (L to R)
Not fully repaid in money President Dilma Rousseff of Brazil, Russian
President Dimitry Medvedev, Indian Prime
Minister Manmohan Singh, Chinese President
Hu Jintao and President Jacob Zuma of South
Africa attend the BRICS summit in New Delhi
Signatures on March 29, 2012. The leaders of the
emerging countries are meeting in India to
discuss creating a new development bank.