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 reputation for avoiding government intervention in favour of free market policies. Brazil's finance minister Guido Mantega who had raised the alarm about a currency war back in September, warned that matters were beginning to escalate into a trade war. He expressed concerns about the economic policies of both China and the US. By February, the US had stepped up diplomatic efforts to persuade emerging economies such as Brazil and India that China's intervention was the root cause of the currency war. However the US once again refrained from labelling China a currency manipulator. A Treasury report said that allowing for