Brazil and Argentina to start preparations for a common currency
Brazil and Argentina will announce this week that they are starting preparatory work on a common currency, the Financial Times reported on Sunday.
The plan, set to be discussed at a summit in Buenos Aires this week, will focus on how a new currency which Brazil suggests calling the "sur" (south) could boost regional trade and reduce reliance on the U.S. dollar, FT reported citing officials.
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Brazil and Argentina will announce this week that they are starting preparatory work on a common currency, the Financial Times reported on Sunday.
The plan, set to be discussed at a summit in Buenos Aires this week, will focus on how a new currency which Brazil suggests calling the "sur" (south) could boost regional trade and reduce reliance on the U.S. dollar, FT reported citing officials.
#Dedollarization #MultipolarWorldOrder
Join Slavyangrad chat. Your opinion matters.
https://t.me/+PUg0rQrZdiw4YWFh
@Slavyangrad
Join SLG 🔺 Intelligence Briefings, Strategy and Analysis, Expert Community
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