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Mexico rejects the idea of ​​a common Latin American currency

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record-. Andrés Manuel Lopez Obrador, President of Mexico.  /AFP.

record-. Andrés Manuel Lopez Obrador, President of Mexico. /AFP.

Mexico refuses to participate in the idea of ​​creating a common currency in Latin America for similar commercial transactions to the proposals of Brazil and ArgentinaMexican President Andrés Manuel Lopez Obrador said on Tuesday.

“We would disagree. We have to keep the dollar as the benchmark for many reasons,” the left-wing president said at a morning news conference.

Lopez Obrador was questioned about the announcement made by Brazil and Argentina on Monday to explore the possibility of developing a commercial exchange mechanism. “Common Currency” Reduce reliance on dollars.

Lopez Obrador said he didn’t know the details of the proposed initiative on Monday after meetings between Brazilian President Luis Inacio Lula da Silva and Argentinean President Alberto Fernandez.

Lula explained that the aim is to allow ministers from both countries to make proposals and commercial exchanges between the two countries can be carried out in a common currency.

Source: Diario.Elmundo

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