Argentina and Paraguay approve cross-border payments

Map of Latin America

Argentina and Paraguay’s central bank governors signed an agreement allowing cross-border payments between both countries in local currency on October 18.

The agreement between both central banks means all the members of the trading bloc Mercosur now have bilateral accords on cross-border payments. The bloc includes Argentina, Brazil, Paraguay and Uruguay.

The two governors signed the agreement in Washington, DC, where they were attending the International Monetary Fund’s annual meeting.

The

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