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submitted 10 months ago by filoria@lemmy.ml to c/worldnews@lemmy.ml
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[-] filoria@lemmy.ml 26 points 10 months ago

Good riddance. Can't take a country keen on dollarization into an organization who's primary goal is dedollarization.

[-] elbarto777@lemmy.world 14 points 10 months ago

Why doesn't south America agree on a single currency like the Euro?

The Peso. The Sol. The Amero.

[-] Skua@kbin.social 21 points 10 months ago

Argentina and Brazil have apparently been looking at it https://www.reuters.com/markets/currencies/brazil-argentina-begin-preparations-common-currency-ft-2023-01-22/

I assume that the rest of Mercosur would be invited over time if it's successful

[-] sparky@lemmy.federate.cc 13 points 10 months ago

Some countries would need to stabilise their economies before this would be viable, Argentina in particular with the huge inflation and debt problems would be too much of a liability.

[-] Skua@kbin.social 3 points 10 months ago

Yeah it seems an odd move from Brazil that Argentina is the one to start off with. It also feels like Brazil, being four fifths of the entire population and GDP of Mercosur, will unavoidably dominate it. But I won't pretend to know enough about South American politics to really comment further

this post was submitted on 31 Dec 2023
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