Campos Neto repeats opposition to common currency
Digital payments have outstripped benefits of “very old idea”
The governor of Brazil’s central bank has reiterated his opposition to a common currency with Argentina.
Roberto Campos Neto, speaking at a crypto conference sponsored by an investment fund, said, “I think I’ve made it pretty clear in other interviews that I’m very much against it. But I’m just a central banker…”
Campos Neto added a common currency would have “the father’s DNA and it has the mother’s DNA”, and would thus cause a convergence in interest and inflation rates.
Brazil’s current
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