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unasur Archives: • May, 2008 •

Regional bank to be set up

By Website Introductions at 05/28/08 14:33

Everybody seems to be following the European Union model and aiming for regionalization.

Just yesterday, Brazil announced that a regional South American bank will be set up. This is in line with the continent's plan to have a common currency and a union called the Union of South American Nations.

Through the union, it is hoped that regional unity will be achieved and the economies of the participating countries will be strengthened.

News: Brazil announces a regional central bank and common currency

Tags: south american bank • unasur • south american currency •
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unasur Archives: • May, 2008 •

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