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Brazil wants to promote integration and use of local currencies in a meeting with Uruguay

The Brazilian government aims to promote the use of local currencies in trade with Uruguay, as well as to boost physical and energy integration with that country, a Foreign Ministry source told Sputnik.

"As is known, Brazil is also interested in expanding the use of local currencies in regional trade to reduce our dependence on foreign currency and reduce costs for our operators," the source said.

He said that during the next meeting of authorities from both countries on Mar. 7, Brazil wants to discuss "strategies to simplify rules, modernize our regulatory frameworks, expand our physical and energy integration, and . . .

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