Brazilian minister says Mercosur could have single currency

Central Banking Newsdesk
24 Aug 2021

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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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