Brazil–China relations Brazil, with financing oil exploration to repairing railways.The repair of railways and infrastructure came ahead of the Rio Olympics in 2016. There is also a trade phase from raw materials to heavy equipment and industrial goods. The two countries have also signed a currency agreement that will include up to $30 billion dollars worth of Chinese Yuan and Brazilian real. This deal was signed to provide an alternative currency to the US Dollar with respect to the Chinese Yuan. China is considered Brazil's largest trading partners. Brazil and China are members of an economic organization called BRICS, also consisting of
Demurrage (currency) regional community currency in a part of Bavaria, using a demurrage system. Freicoin is a cryptocurrency, in which demurrage is levied at approximately 5.00% per annum. The ZenVow Project implements a human generated Global Basic Income system using time dependent digital currency that derives from the demurrage system. Where the human average world life expectancy is used as the currencies lifespan and respective derived burn rate. Demurrage (currency) Demurrage is the cost associated with owning or holding currency over a given period. It is sometimes referred to as a carrying cost of money. For commodity money such as gold, demurrage