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Colombia, Chile and Peru move to integrate foreign exchange markets

Thursday, October 3rd 2013 - 06:31 UTC
Full article 4 comments

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

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  • Condorito

    PA achieving useful integration.

    Oct 03rd, 2013 - 11:58 am - Link - Report abuse 0
  • Pugol-H

    Does Murcosur have any similar plans?

    Oct 03rd, 2013 - 06:45 pm - Link - Report abuse 0
  • Condorito

    @2 What MS plans to do is pretty irrelevant. They can have all the plans they want but never actually implement them.

    MS 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.

    Oct 04th, 2013 - 12:23 pm - Link - Report abuse 0
  • Pugol-H

    It was actually a rhetorical question.

    However 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.

    Oct 04th, 2013 - 03:16 pm - Link - Report abuse 0

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