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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