Argentina and Brazil to begin studying common currency

Minister says countries are taking “first step” in project

Latin America latam map

Argentina and Brazil will begin preparations to create a common currency, Argentina’s economy minister has said.

Sergio Massa said that the two countries would soon decide to start “studying the parameters needed for a common currency”.

Massa said the currency would initially be a joint Argentine-Brazilian endeavour, which other Latin American countries could later adopt. In an interview with the Financial Times, the economy minister said the two countries would first study fiscal

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