24 Jan 2023 10:21 am
Luiz Inácio Lula da Silva’s foreign visit to Argentina was also well received in Venezuela. Nicolás Maduro welcomes the idea of a common Latin American currency put forward by Brazil’s president. Venezuela is ready, Maduro said.
Venezuelan President Nicolás Maduro on Monday welcomed the initiative to create a single currency in Latin America and the Caribbean. At an event in Caracas dedicated to the 65th anniversary of the end of General Marcos Pérez Jiménez’s dictatorship, Maduro said he followed the meeting between his Argentinian and Brazilian counterparts in Buenos Aires.
“Today President Lula da Silva and President Alberto Fernández announced that they will pursue the creation of a common South American currency. I announce that Venezuela is ready. We support the idea of creating a Latin American and Caribbean currency.”
The Venezuelan President also conveyed his greetings to the participants of the seventh Summit of the Community of Latin American and Caribbean States (CELAC), to which he had not traveled for security reasons. Ahead of the event, which kicks off in Buenos Aires on January 24, Maduro said:
“Independence, unity and liberation of Latin America and the Caribbean – there are many things that we still have to do.”
At the event in front of the Miraflores Palace in Caracas, thousands of Venezuelans called for the lifting of Western sanctions against their country.
After taking office on January 1, Lula da Silva, following a diplomatic tradition, arrived in Argentina for his first foreign visit. The topics of discussion at the meeting with his counterpart Fernández in Buenos Aires were the revival of relations, the deepening of bilateral trade and the strengthening of the South American confederation MERCOSUR. In addition, both presidents were considering a common currency.
Argentina’s Economy Minister Sergio Massa confirmed in an interview for the newspaper Financial Timesthat the two countries were actually working on the project of a common currency. First of all, the currency, called Sur (meaning “south” in English), was supposed to circulate alongside the Brazilian and Argentine peso. Only later could other countries in the region be offered to join the project.
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