A South American currency union? Don’t hold your breath

Published by
Reuters

By Rodrigo Campos NEW YORK (Reuters) – South America is not likely to have a common currency bloc to rival the euro any time soon, analysts said on Monday, despite excited chatter sparked by officials in Brazil and Argentina raising the prospect of a shared tender. On Monday Brazil’s President Luiz Inacio Lula da Silva and Argentine President Alberto Fernandez said they were in early talks to establish a shared unit of value for bilateral trade, though this would not replace the real or peso currencies. That came after the leaders had touted a “common South American currency” on Sunday and off…

Read More

Leave a Reply