Brazil's President Jair Bolsonaro on Friday said his government would consi...
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.”
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