Venezuela’s President Nicolas Maduro expressed his support Adoption of a new common currency for Latin America at the latest meeting of the Sao Paulo Forum workgroup. Maduro said this is an important step in building a common economic space, which will also include cryptocurrencies as a key element.
Maduro backs Latin America’s single currency project
Venezuela’s President Nicolas Maduro will build a common economic space. Maduro , as part of his participation in a recent meeting of the workgroup of his Forum of São Paulo, a center-left group,:
use of a single currency let’s discuss.
Maduro said the recent political shifts facing Latin America have led to the victory of Brazilian President Luiz Inacio Lula da Silva, which will cut the region off from the rest of the world. He explained that the wave of this new initiative was made possible. Foreign currency impact.
Regarding this new movement, he declared:
We must look inward, deep into America. Please understand that we agree to build a common economic space.
Other presidents and politicians in the zone have also proposed the idea of adopting a single currency for the region. This was one of the promises Lula made during the campaign, he explained, that this would undermine the influence of the US dollar within the zone. Colombian parliamentary speaker Roy Baradas also agreed with Luras’ proposal at the inauguration of President Petro.
Multicurrency Cryptosystems
Maduro also made an original proposal describing a multicurrency system that could be adopted in Latin America. It’s the same trend that Venezuela is doing now. He also included cryptocurrencies as a key component of this new proposal.
In this regard, he explained:
We must agree to build a currency system that takes existing currencies and virtual currencies into account. 21st century without virtual currency.
Venezuela was one of the first countries to launch its own cryptocurrency, the Petro, in 2018 and now has a legal framework for cryptocurrencies and mining. One of the countries.
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