Brazil and Argentina want to create one currency for two

Brazil and Argentina want to create one currency for two

Argentina and Brazil intend to create a common currency, which is planned to be called sur (“south” in Portuguese and Spanish), writes the Financial Times.

The new currency will replace the current monetary units of Argentina and Brazil - Peso and Real, as well as, according to the authors of the project, will help stimulate mutual trade and reduce dependence on the dollar.

Argentine Economy Minister Sergio Massa announced that a special team is ready to start studying the parameters needed to create a single currency.

Brazil and Argentina are the largest countries in Latin America by area and the largest economies in the region. It is assumed that if the transition to a single currency for these two countries is successful, other neighboring countries will be invited to join this currency system.

More related articles

Ronaldinho and Messi will participate in the match organized in memory of Maradona
It became known how much FIFA will pay each team for participation in the World Cup-22
Messi has named his favorites for the World Cup in Qatar
Electric cars and electric buses will appear in the city of Arkadag, Turkmen scientists have proposed a new method of combating soil salinization, New Year's fairs have opened in Ashgabat
The national futsal team of Turkmenistan found out its place in the updated world rankings
Argentina climbed to the second line of the FIFA rankings, the national team of Turkmenistan - 135th