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Mexico Rejects Latin America’s Common Currency Idea



President Lopez Obrador said, “For many reasons, the dollar must continue to be the standard. The idea of ​​a single currency was raised by Lula and his Argentinian counterpart Alberto Fernandez.

Mexico refuses to participate in the idea of ​​creating a common currency in Latin America for commercial exchanges similar to the one proposed by Brazil and Argentina.

The President of Mexico said: Andres Manuel Lopez Obrador Tuesday of this week.

“We disagree. We must continue to keep the dollar as a reference for many reasons.” The leftist president said at a morning press conference.

The statement came the day after the Brazilian president. Luis Inacio Lula da Silva and his Argentinian counterpart Albert Fernandez Defended the progress of a common currency project in South America for commerce.

However, when questioned on the matter, Lopez Obrador said: shellac.

“I want to clarify something. I haven’t seen anything on this topic. ” claimed.

he also assured that he was concerned “It was made up to tarnish the image of Brazil and Argentina or to confront the US over the dollar.”

Recall that the governments of Brazil and Argentina will announce their preparations to launch a common currency project next week.

This is a project that will transform both South America’s two major economies into the second largest currency area in the world.

Source: Biobiochile

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