Socialist Argentina and Brazil Plan Joint South American Currency

Tall Timbers

Imperfect but forgiven
The leftist governments of Argentina and Brazil will soon begin proceedings for the creation of a new common currency, tentatively called “sur” (South), the Financial Times claimed in a report on Sunday.

The goal of the project would reportedly be reducing regional reliance on the American dollar and creating the world’s second-largest currency bloc with fellow South American countries. Far-left Brazilian President Luiz Inácio Lula da Silva promised the creation of the sur common currency while running for president – despite his criminal convictions – last year. Lula is currently in Argentina for a state visit to fellow socialist President Alberto Fernández.

The Financial Times claimed the two leaders have a planned announcement that will allegedly take place this week within the framework of the 7th Summit of Heads of State and Government of the Community of Latin American and Caribbean States (CELAC), which will take place in Argentina between January 23-24.

“There will be a decision to start studying the parameters needed for a common currency, which includes everything from fiscal issues to the size of the economy and the role of central banks,” Argentine Economy Minister Sergio Massa said to the Financial Times.

“It would be a study of mechanisms for trade integration,” Massa added. “I don’t want to create any false expectations, it’s the first step on a long road which Latin America must travel.”

https://www.breitbart.com/latin-ame...nd-brazil-plan-joint-south-american-currency/

Things may happen that will shorten that long road...
 

Tall Timbers

Imperfect but forgiven
That's not going to go down very well , don't Brazilians and Argentinians hate each other in general ?

I don't know if that's the case. There is a language barrier but it's quite likely South and parts of Central America will merge into a Union at some point. The common currency between two countries in S.A. could be the first baby step in that direction.
 

Spartan Sprinter 1

Formerly known as Shaun
I don't know if that's the case. There is a language barrier but it's quite likely South and parts of Central America will merge into a Union at some point. The common currency between two countries in S.A. could be the first baby step in that direction.
LOL you're right , i asked my Argentinian friend and said they don't really hate each other and if they do at all , it's only when they play soccer
 
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