Bolsonaro says Brazil and Argentina Could Share Currency; Central Bank Denies Plan

Brazil’s central bank has denied that any planning is underway to create a monetary union with Argentina.

By Arkady Petrov

RIO DE JANEIRO, BRAZIL - President Jair Bolsonaro and Economy Minister Paulo Guedes have told Argentinian and Brazilian entrepreneurs, meeting in Buenos Aires, that Brazil and Argentina intend to move forward with a proposal to establish a common currency that would be called "Peso Real".

According to information from business sources heard by O Globo, as both countries are politically aligned, the trend is to align macroeconomic policies to the common currency, a proposal that has been widely discussed in previous governments.

"Two elements concern us, a short-term one and a long-term one. The first concerns . . .

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