BRASILIA - Brazil’s President Jair Bolsonaro on Friday said his government would consider a monetary union with Argentina, after his country’s central bank denied any such plans are being drawn up.
A day earlier, politicians in Brazil and Argentina, including Bolsonaro, spoke about plans to create a sole currency between the two countries, which are part of the Mercosur bloc. This prompted the rebuttal from Brazil’s central bank. “As is natural in a relationship between partners, there is dialogue on macroeconomic stability as well as discussions about reducing risk and vulnerability, and the strengthening of our institutions.”
What’s the point of this move?
And we are against!!
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