MercoPress. South Atlantic News Agency
Colombia, Chile and Peru move to integrate foreign exchange markets
Colombia, Peru and Chile announced on Wednesday the integration of their foreign exchange markets in the framework of MILA to facilitate money exchange operations between the three associates which add to a daily average turnover of 2,798bn. So far the Latinamerican Integrated Market, MILA, is operating with a combined stock market for the three nations. Read full article
Comments
Disclaimer & comment rulesPA achieving useful integration.
Oct 03rd, 2013 - 11:58 am - Link - Report abuse 0Does Murcosur have any similar plans?
Oct 03rd, 2013 - 06:45 pm - Link - Report abuse 0@2 What MS plans to do is pretty irrelevant. They can have all the plans they want but never actually implement them.
Oct 04th, 2013 - 12:23 pm - Link - Report abuse 0MS has completely stalled. RG will always be second fiddle to Brazil in MS and for a nation of primadonnas that is just never going to work.
In a year and a half the PA has already removed tariffs on 90% of goods and merged 3 of its 4 main stock exchanges, not to mention the sharing of embassies and progress on educational integration.
It was actually a rhetorical question.
Oct 04th, 2013 - 03:16 pm - Link - Report abuse 0However it is always good to hear a “local view”, from a distance it is easy to miss the small but significant events.
It does seem to me (Non local) that MS has morphed into a political and to a large extend ideological entity.
Its problems start when it still tries to function as a trade body, internally as well as externally. A 2 speed solution (or similar) would seem inevitable for Brazil and probably Uruguay.
The PA is certainly developing at a rapid pace, and is certainly one to watch in future. What odds can you get on Paraguay joining, worth a bet I think.
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