In Ben Norton, Dollar Hegemony, Economics, Latin America and the Caribbean, Lula, Podcast, Transcript, Video

Brazil’s President Lula da Silva with Argentina’s Vice President Cristina Fernández de Kirchner and President Alberto Fernández

VIDEO, PODCAST, TRANSCRIPT

By Ben Norton,

Published on Geopolitical Economy Report, Jan 22, 2023:

Brazil and Argentina are making plans for a Latin American currency called the Sur, to “boost regional trade and reduce reliance on the US dollar”. Lula had pledged it while running for president.
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The governments of Brazil and Argentina are making plans to create a new currency for Latin America, called the Sur (“south” in English), according to a report in the Financial Times.

Other countries in the region will be invited to use the currency.

Their goal is to “boost regional trade and reduce reliance on the US dollar”, the newspaper noted, citing government officials.

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