Argentina and Brazil’s currency proposal met with scepticism

Argentina globe

The governments of Argentina and Brazil said they are examining a common currency earlier this week, but several observers have expressed scepticism to Central Banking.

Some cast doubt on whether the project aimed to create a monetary union or a more limited mechanism to support trade transactions. Several observers questioned whether Brazil and Argentina were a natural currency area.

They also noted that past governments have frequently discussed a common currency in the region, but have

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