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Brazil and Argentina are now looking more seriously at the old idea of introducing a common currency, says newspaper

Brazil and Argentina are beginning preparatory studies for developing a common currency, reported the Financial Times this Saturday (Jan. 21).

According to them, the two countries will discuss the plan in a meeting in Buenos Aires.

According to the newspaper, the initial focus will be how a new currency, which Brazil suggests calling "sur" (south), could boost regional trade and reduce dependence on the U.S. dollar.

At first, it would run parallel with the Brazilian real and . . .

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