Brazil and Argentina may announce work on a single currency

  • 22/01/2023

Argentina and Brazil, which are part of the Mercosur trading bloc, plan to invite other Latin American countries to join their plan. However, this may take several years.

Plans for a common currency between Argentina and Brazil have met with skepticism in the past. For example, when former Brazilian President Jair Bolsonaro first pitched the idea, economists felt that both countries needed to make sweeping reforms first.