Finance, Forex and Investments

Why is that Russia,China,India and Brazil are not using US dollars on their trade anymore ?

http://news.yahoo.com/nphotos/slideshow/photo//090616/ids_photos_wl/r1202833201.jpg/

Public Comments

1. The Euro and the Yuan are more solid currencies.
2. May be dollar is losing its value against other currencies
3. The dollar collapsed and is worthless, almost. Thanks to George W. Bush.
4. 1.00 EUR = 1.39365 USD
5. Becuase the dollar is falling. And they believe the Yuan and Ruble are more stable.
6. alas she has fallen.
7. because of failure of casino type of capitalism in the usa and weakened dollar.
8. Why were communists ever using our money? I do not know why India, Russia or Brazil won't. It surprises me that China did.
9. For a number of reasons: the fall of the dollar and meltdown,denial of US hegemony of the listed countries defense of sovereignty, and their stronger economies at this point in time This is all an indictment of capitalism in general and specifically compliments of George Bush
10. Hello, They think that Euro Zone is more stable and in the current global situation they might be right.
11. Who said they are not using dollars? I am from India and I followed that BRIC summit. They were just contemplating the idea! That's all. At least for now! Though, slowly USA will have to begin to share it gigantic position with India and China. One third of the consumer power (and highly unsaturated and hungry too!) exists in India and China.