🇧🇷🇦🇷 Brazil and Argentina to start preparations for a common currency

Brazil and Argentina will this week announce that they are starting preparatory work on a common currency, in a move which could eventually create the world’s second-largest currency bloc.

The initial focus will be on how a new currency, which Brazil suggests calling the “sur” (south), could boost regional trade and reduce reliance on the US dollar. It would at first run in parallel with the Brazilian real and Argentine peso.

The project is likely to take many years to come to fruition.

#Brazil #Argentina #CELAC

@meriblood

🇨🇺 🌎 President Díaz-Canel Bermúdez of Cuba at the VII CELAC Summit:

🔴 "The government of the United States insists on destroying the development model that we Cubans have sovereignly decided to build, through a cruel, illegitimate, illegal and immoral policy of economic suffocation.

🔴 It uses its technological hegemony and control of the media and digital platforms to carry out destabilization operations, an unprecedented media war and promote so-called "regime change", with the support of tens of millions of USD from the federal budget.

🔴 Your unfounded and unilateral decision to include Cuba on the spurious list of states allegedly sponsoring terrorism severely impacts our development aspirations. Once again I thank this Community and its Member States for their forceful claim so that Cuba is withdrawn from said list and the blockade is lifted.

🔴 Cuba will not be intimidated by such aggressions.  We are not going to betray the history of resistance, dignity and defense of social justice that turned the Revolution into an emancipating force for human beings."