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Reuters
Reuters
Business
By Marcela Ayres

Explainer-What Brazil and Argentina's 'currency union' really means

Argentina Brazil Gabriel Galipolo Luiz Inacio Lula da Silva Alberto Fernandez Lula da Silva
Brazil's President Luiz Inacio Lula da Silva and Argentina's President Alberto Fernandez attend a bilateral agreement signing ceremony, during Lula da Silva's first official visit abroad since his inauguration, at the Casa Rosada presidential palace in Buenos Aires, Argentina, January 23, 2023. REUTERS/Agustin Marcarian

Brazil and Argentina sparked some excitement on Sunday over the possibility of a potential "currency union", though the two countries are unlikely to ditch the real or peso any time soon. So what is the plan all about?

WHAT DID THEY SAY?

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