Brazil and Argentina will announce the preparations for the creation of a unified currency this week

ChainCatcher news, according to the Financial Times of the UK, Brazil and Argentina will announce this week that they are starting preparations for a unified currency similar to the euro, called SUR. This move could ultimately create the world's second-largest currency bloc. Brazil and Argentina will discuss the plan at a summit in Buenos Aires this week and will invite other Latin American countries to join. Countries like El Salvador and Brazil are currently among the most widely adopted for cryptocurrency in Latin America. Brazilian Finance Minister Fernando Haddad co-authored an article last year before taking office, proposing the establishment of a South American digital unified currency. (Source link)