Luis Inacio’s new Economy Minister Lula da Silva has denied Ambassador Daniel Scioli in the last few hours and the leaders of the Argentine government, who ensures that there are negotiations for the creation of a common currency for bilateral and regional trade.
“There is no proposal for a single Mercosur currency, you’ll find out first”, Fernando Haddad pointed out to the Brazilian press, generating the same situation experienced by Mauricio Macri’s Economy Minister, Nicolás Dujovne, at the time in which he claimed that there were negotiations for a common currency. It is more Argentinian than Brazilian aspiration or regional due to various problems which determine the very decline of the local economy.
After meeting this week with Lula’s new head of the economy, and after being the first foreign ambassador received by Foreign Minister Mauro Vieira, Daniel Scioli reported that he had discussed a single currency project with him for trade within Mercosur.
He also clarified that the project did not imply the disappearance of the coins themselves – the depreciated Argentine peso, the Brazilian real, the Paraguayan guaraní and the Uruguayan peso. But he said that the unification of currencies for commercial transactions was sought in order not to depend on the dollar.
Later the Argentines supported him That would try not to depend on the dollar and this would imply the evolution of the current local currency payment system (SML), managed by the Central Bank.
In addition, the Argentine government and the Ministry of Economy ensure that Haddad had already given a name to the new currency: “SUR”. Either the Brazilians backtracked, or they spoke of hypotheses not to specify.
“We will work for a common currency. That doesn’t mean every country doesn’t have its own currency, it means unity for integration and more trade across this regional bloc. And, as President Lula said, strengthening Mercosur, expanding the Latin American union is very important,” the ambassador said.
And they assured that this will be part of the economic talks with Lula and his team during the visit he will make to Buenos Aires on January 23 to participate in the day after the summit of the Community of Latin American and Caribbean States (CELAC).
The agenda with Brazil is voluminous in terms of economic and energy integration, but it is not as similar as previously believed. To begin with, in the last few hours the Brazilian media have begun to debate with specialists on the matter how could they not be skeptical about the possible monetary unification seek greater efficiency considering the staggering economic differences between Argentina and Brazil and, to amplify it, the exchange differences between one Mercosur country and another.
NS
Source: Clarin
