Brazil and Argentina to start preparations for a common currency

Brazil govbr and Argentina CasaRosada will announce this week preparations for a common currency. The plan should be discussed at a meeting in Buenos Aires with other Latin American countries.

The initial focus will be on how the new currency can boost trade in the region and reduce reliance on the dollar.

The announcement should be made during President Lula’s lulaoficial visit to Argentina. The Minister of Finance MinFazenda, Fernando Haddad Haddad_Fernando, is also part of the delegation.

Lula and Argentine President Alberto Fernández alferdez released an article this weekend celebrating the greater proximity between Brazil and Argentina and the economic integration between the two countries. In the text, published on the Argentine website ‘Perfil’, they mention the creation of a common currency in South America.