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Proposed Brazil-Argentina common currency is met with doubts

Por: Los Angeles Times World January 25, 2023

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A proposal floated by the leaders of Brazil and Argentina to launch a common currency is being met with deep skepticism by analysts, who say neither country is positioned to tackle such a complicated undertaking or instill confidence in the idea with global markets. Brazil’s President Luiz Inácio Lula da Silva told reporters Monday, though, that a common currency would reduce a harmful dependence on the U.S. dollar. “I think this will... + full article



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