Brazil and Argentina have signed a deal that will let the two nations do away with US dollar as an intermedium in their bilateral trade. The agreement was signed by Brazilian President Luiz Inacio Lula da Silva and his Argentine counterpart Cristina Fernandez de Kirchner on Monday in Brasilia. The accord is viewed as an important step toward a common currency among the members of Mercosur -- a South American trading bloc comprising Argentina, Brazil, Uruguay, Paraguay, and soon Venezuela.
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