Brazilian minister says Mercosur could have single currency
President has also suggested monetary union with members of trade area
Brazil’s economy minister Paulo Guedes said that the Mercosur common market could support a single currency, Brazilian media reported.
“We could have complete integration and, in this sense, Brazil could assume a function like Germany in Europe”, Guedes told Brazilian parliamentarians on August 19. He added that he had discussed a common currency with “a team” from Mercosur’s second-largest member state, Argentina.
This is not the first time officials in Brazilian president Jair Bolsonaro’s
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