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World Business Report: First broadcast 24/01/2023 15:32 GMT : Will there be a South American currency union?

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Will there be a South American currency union?

First broadcast 24/01/2023 15:32 GMT 

First broadcast 24/01/2023 15:32 GMT : Will there be a South American currency union?

BBC World Service - World Business Report, Will there be a South American currency union?

The 'sur' would run in parallel with local currencies in its early stages

The 'sur' wouldn't replace the Argentinian 'peso' nor the Brazilian 'real' but instead would run in parallel with them in its early stages.

The 'sur' or 'South' proposed by Brazil and Argentina wouldn't replace local currencies, but instead would run in parallel with them in its early stages. We find out what economists think about the project. 

Ford plans to cut 3,200 jobs across Europe, according to Germany’s largest union, IG Metall. As carmakers shift their focus towards electric vehicles, we ask why this transformation might translate into job losses. 

The US Treasury Secretary Janet Yellen has called on China to agree to a rapid restructuring of loans to Zambia, calling Beijing a barrier to ending the debt crisis in the country. We get the latest from Lusaka.

(Picture: Argentina's president Alberto Fernandez and Brazil's president Luiz Inacio Lula da Silva meet at the Casa Rosada. Picture credit: EPA)

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First broadcast 24/01/2023 15:32 GMT : Will there be a South American currency union?

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