Major South America nations move to cut reliance on US dollar – media ...News

Brazil and Argentina are reportedly set to start work on creating a currency union that would eventually involve other nations on the continent Brazil and Argentina plan to create a common currency, the Financial Times reported on Sunday, citing officials. The plan will be discussed and officially announced at a summit in Buenos Aires this week, according to the report. “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,” Argentina’s Economy Minister Sergio Massa told the new

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