Crypto Market News #Relaunch of USAN — the Union of South American Nations — in Latam Profiles New Monetary Integration – Economics Bitcoin News Crypto #Usa #Miami #Nyc #TipTopCoin MORE ▶▶

Tip Top Coin website is a website open to the public in all its meanings and interpretations, Tip Top Coin is a website dedicated to anyone who wants to be well-informed about the world of cryptocurrencies and everything about their growth, evaluation, and devaluation in real time by verified sources. If you are interested in publishing your views, news, business, or endeavors and want to have a forum dedicated to you, we invite you to register and post in Tip Top Coin. Don't worry, it's 100% free, 89% without commercial ads (ONLY YOUTUBE ADS CAN BE NOTICED) Tip Top Coin is a website dedicated to information and not selling commercial ads, we do not span your email, nor do we sell your information. Tip Top Coin is a website that works privately thanks to WEBFI NET servers | HOME | TipTopCoin News | TipTopCoin TV | Register | Privacy | Contact | Login | WEBFI |NEWS | MAGAZINE |TECH | LATINO | Twitter |

A proposal for relaunching the currently defunct USAN, the Union of South American Nations, profiles a future monetary integration amongst the countries of the organization. The proposal, made by several former presidents of countries in Latam, reinforces the need for regional integration to overcome common problems in the area, including poverty.

USAN Relaunch Proposal Includes Monetary Integration

The recent political changes in Colombia and Brazil have given rise to a series of processes seeking to integrate the countries of South America into a new organization. On Nov. 14, a proposal for relaunching USAN, a Latam-based integration organization launched back in 2008 and comprising 12 countries, including Brazil and Argentina, has been prepared by several former presidents of the region. Among them are Michelle Bachelet, Rafael Correa, José Mujica, Dilma Rouseff, and Ernesto Samper.

The document describes the need for tight regional integration in order to overcome the obstacles that the current organization of the world presents for the nations of this area, and to develop the capabilities of its countries as a bloc.

The proposal, directed as a letter to Venezuelan president Nicolas Maduro, explicitly mentions monetary integration as one of the priorities of the relaunched organization. The letter calls for:

The establishment of a working group to move towards a financing system for commercial exchanges with a view to future monetary integration when macroeconomic conditions allow it.

Other key matters include establishing a common approach to foreign debt and international financing for middle-income countries and implementing measures that favor cooperation between companies in the region, such as joint public procurement and regulatory harmonization.

Possible Support for a Common Currency

Apart from the relaunch of the USAN, other actors on the continent have declared their support for the establishment of a common currency, highlighting the benefits that such development might bring to Latam. Brazilian President-Elect Lula da Silva was one of the first to float the idea during a rally in his campaign.

In May, Lula stated:

We are going to restore our relationship with Latin America. God willing, we will create a Latin American currency.

Lula also explained that the objective of the creation of this currency would be to leave behind the dependence on the U.S. dollar, which has caused high levels of inflation in countries with troubled economies in the area. Argentina is an example of this, having 14 different dollar exchange rates currently in place to try to curb its capital flight numbers and its inflation rate, projected to reach more than 100% this year.

The government of Colombian President Gustavo Petro has also signaled support for this initiative since its inauguration day, when minister Roy Barreras also called for the establishment of a common currency.

Tags in this story
colombia, common currency, Dilma Rouseff, Ernesto Samper, Gustavo Petro, José Mujica, latam, luis inacio lula da silva, Michelle Bachelet, monetary integration, Nicolas Maduro, Rafael Correa, roy barreras, South America, UNASUR, USAN, Venezuela

What do you think about the future monetary integration profiled in the proposal for USAN’s relaunch? Tell us in the comments section below.

Sergio Goschenko

Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late to the game, entering the cryptosphere when the price rise happened during December 2017. Having a computer engineering background, living in Venezuela, and being impacted by the cryptocurrency boom at a social level, he offers a different point of view about crypto success and how it helps the unbanked and underserved.

Image Credits: Shutterstock, Pixabay, Wiki Commons, Anton_Ivanov /

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Source link

Name Price24H (%)
Bitcoin (BTC)
Ethereum (ETH)
Tether (USDT)
Binance USD (BUSD)
Dogecoin (DOGE)
Cardano (ADA)
Polygon (MATIC)
Polkadot (DOT)
Lido Staked Ether (STETH)
Litecoin (LTC)
Shiba Inu (SHIB)
Dai (DAI)
Solana (SOL)
Uniswap (UNI)
Avalanche (AVAX)
LEO Token (LEO)
Wrapped Bitcoin (WBTC)
Cosmos Hub (ATOM)
Ethereum Classic (ETC)
The Open Network (TON)
Monero (XMR)
Stellar (XLM)
Bitcoin Cash (BCH)
Quant (QNT)
Algorand (ALGO)
Cronos (CRO)
Filecoin (FIL)
VeChain (VET)
NEAR Protocol (NEAR)
ApeCoin (APE)
Hedera (HBAR)
Frax (FRAX)
Flow (FLOW)
Internet Computer (ICP)
MultiversX (Elrond) (EGLD)
Terra Luna Classic (LUNC)
Huobi (HT)
Chiliz (CHZ)
Theta Network (THETA)
Chain (XCN)
Pax Dollar (USDP)
Tezos (XTZ)
The Sandbox (SAND)

Add a Comment

error: WEBFINET website Protection and Privacy for Publishers. This content may not be opened or copied.