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Brazil, Argentina Eye Common Unit for Trade, Not a Single Currency, Minister Says
Brazil and Argentina are planning to launch a common unit of account to promote their bilateral trade rather than a single currency to replace the real and the peso, according to Brazilian Finance Minister Fernando Haddad. Haddad’s comments on Monday seek to dispel controversy after the presidents of Brazil and Argentina published an op-ed saying they were renewing discussions about a common currency for financial and commercial transactions. The idea was greeted with skepticism by top economists, who pointed at the lack of policy coordination and wide inflation differentials between South America’s two largest ... (full story)
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- Jan 23, 2023 8:52pm Jan 23, 2023 8:52pm
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ALThau - | Joined Aug 2007 | Status: I play | 227 Comments
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- Posted: Jan 23, 2023 8:20pm
- Submitted by:Category: Fundamental AnalysisComments: 1 / Views: 381
