Opinion: The proposal from Brazil's Lula and Argentina's Fernandez for a 'common currency' wouldn't help either country — and could hurt Brazil.
“Good ideas out of context are like shiny objects lost in a dark field,” American writer Seth Godin once said. “They catch your attention, but have no real utility.”
Another anecdotal symptom of the chaotic state in which the Argentine economy is found is the proliferation of different official exchange rates for specific purposes. Some examples include the so-called “Coldplay dollar” for contracting international shows, and the “Qatar dollar,” which was used by Argentine fans in the last World Cup.
The proposal for a common currency itself is completely empty. It would not be viable, given the huge disparity between the two economies and would not solve the problem of lack of foreign currency for import in Argentina. However, like a shiny object in the dark, it attracts attention. And one of the factors that contributed to this awareness is the fact that it was announced that the currency would be digital.
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