Brazil, Argentina Discuss Establishing A Common Currency Like The Euro

Argentina's president Alberto Fernández (left) and Brazil's new leader Lula. AP  

CNBC/Reuters: Brazil and Argentina to discuss common currency 

* Brazil and Argentina aim for greater economic integration, including the development of a common currency, Brazilian President Luiz Inacio Lula da Silva and Argentine leader Alberto Fernandez said in a joint article they penned. 

* Both presidents emphasized the need for a good relationship between Argentina and Brazil to strengthen regional integration, according to the article. 

* The leaders also emphasized strengthening the Mercosur trade bloc, which includes Argentina, Brazil, Paraguay and Uruguay. 

Brazil and Argentina aim for greater economic integration, including the development of a common currency, Brazilian President Luiz Inacio Lula da Silva and Argentine leader Alberto Fernandez said in a joint article they penned. 

“We intend to overcome the barriers to our exchanges, simplify and modernize the rules and encourage the use of local currencies,” says the text published on the Argentine website Perfil. 

“We also decided to advance discussions on a common South American currency that can be used for both financial and commercial flows, reducing costs operations and our external vulnerability,” the article said.

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WNU Editor: More signs that countries are moving away from using the US dollar as the instrument that they use in international trade.

 Brazil, Argentina Discuss Establishing A Common Currency Like The Euro  

Brazil, Argentina to discuss common currency -- DW  

Brazilian, Argentinian leaders propose common South American currency -- ABC News Australia  

Brazil and Argentina Discuss Common South American Currency -- Bloomberg  

Brazil and Argentina are gearing up to launch a joint currency that could become South America's euro -- Business Insider 

Could a South American common currency rival the dollar? -- Market Place