The President of Venezuela, Nicolás Maduro, called on Wednesday for the creation of a common financial system that includes the member countries of the Community of Latin American and Caribbean States (CELAC), using the European Union as a reference.
«We must create the financial and monetary system of Latin America and the Caribbean and move forward on that space. Latin America and the Caribbean must have an economic integration block and a monetary system with a Latin American and Caribbean currency», said the Venezuelan president in declarations to the press during the presentation of a new scientific park in the country.
Maduro agreed with the recent proposal of his Argentine and Brazilian counterparts, Alberto Fernández and Lula da Silva, respectively, for the creation of a common currency, assuring that it would be a great achievement for peace and the development of Latin America and the world.
«We would show ourselves to the world united. With a monetary system, with one currency, with integrated economies. Do you realize that this is the way forward?», asserted the Venezuelan head of state during his speech.
In this sense, he affirmed that the European Union «is a reality» and that it has been able to build strong institutions that govern unity of action in matters such as the economy or political development.
«We see Europe and many people admire them. The fabric and the institutions that the European Union was able to build in 30 years. And the power that these institutions have over the economy and over the life of their societies, over political development, over Europe,» the Venezuelan president stressed.
He also underlined the role of the African Union (AU), assuring that it is «an important power» despite the «unjust colonialist treatment given to Africa by the northern world». «The AU is a powerful union, which has a set of recognized and highly effective institutions», he reiterated.
Previously, the President of Brazil, Lula da Silva, and his Argentine counterpart, Alberto Fernández, have expressed their willingness to put into circulation a common currency to boost foreign trade and transactions between the two countries, with a view to extending this union to the rest of Latin American countries «in the long term» and to prevent the region’s trade policy from depending on the dollar.
Specifically, the currency of use, which would be known as ‘Sur’, is only a project that both countries expect to implement «soon», while waiting to know the details of the proposal by the high-level negotiating table.
Source: (EUROPA PRESS)
