Metals News
Argentina, Brazil, Paraguay and Uruguay plan to promote a unified currency
The content below was translated by Tencent automatically for reference.

According to Argentine media reports, the finance ministers of Argentina and Brazil said that the first step has been taken in a unified currency between the countries of Mercosur. Argentina, Brazil, Paraguay and Uruguay will set up a task force to assess the possibility of unifying the currency of the four countries in the future. According to the report, this will be a relatively long process, but the first step of research has already begun.

Mercosur countries (Argentina, Brazil, Paraguay and Uruguay) have always wanted to turn the region into an integrated region similar to the European Union, uniting national forces to promote regional and national economic development. Previously, both the Union of South American Nations (Unasur) and the Bolivar Union of America (ALBA) tried to create a unified currency, but failed to achieve circulation. (CCTV reporter Liu Xin)

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