Gaucho (currency) without any initial plans to establish a common currency. Later, in 1994, Brazil established the Brazilian real, still in use, putting an end to the frequent currency changes that took place in the country throughout the 1980s and the 1990s. On such panorama, the Gaucho plan has been virtually shelved. On 17 July 1987, in the city of Viedma (Río Negro, Argentina), President Raúl Alfonsín of Argentina and President José Sarney of Brazil signed Protocol Number 20 which stated the following: Considering: Viedma, 17 July 1987 Gaucho (currency) The Gaucho was the name of a currency intended to be used
Currency War of 2009–11 2010, Russian Finance Minister Alexei Kudrin said it was too early too make "a decision regarding currency exchange rates. Such measures aren’t yet sufficiently formulated." He also stated other BRIC countries support Russia in opposing any US push to limit the ability of governments to control their currencies. India has largely taken a neutral position on the currency war, advocating a balanced solution with give and take by both China and the US, though along with Brazil she has been one of the few emerging economies to occasionally criticise China's holding down of the Yuan. Prime Minister Manmohan Singh suggested