Brazil and Argentina are Preparing for a Common Currency
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Two of South America's biggest economies would like to change the conversation from their own dubious current events to one about currencies.
After decades of maintaining respectful economic boundaries, next-door neighbors Brazil and Argentina are about to take their relationship to the next level. This week, the two nations will announce that they are in the early stages of introducing a common currency, officials told the Financial Times on Sunday. The merger will be followed by an open invitation to other Latin and South American countries -- and could eventually create the world's second-largest currency bloc.
Source Fool.com
