Latin American Countries are heading to a Common Currency, Credit and Passport
How It came up? Spoiler video
A month ago the Latin American presidents came together for a follow up meeting on the world financial crisis, and a few points came across the table. They agreed on a 41 point plan
, and many of those points where to stabilize and stimulate the economy on the respective countries.
Main Discussion Points
There where three things that caught my attention when going over the 41 point plan. The first one is a commun Passport
More to Love ipod that will allow free traffic, making easier for tourism for the neighbor countries. Guatemala, Honduras, El Salvador and Nicaragua are already signed in. A Credit Fund Friday the 13th Part 2 on dvd and stimulus packages for various sectors to counter the possibility of slowing foreign investment and slowing remittance flows. But most notably, and perhaps more eye catching, is the Common currency.
Who will be Affected and How
( El Salvador and Panama use the U.S. dollar while the remaining countries currently have their own currencies.) Many issues where were discussed, such regulations covering free movement of good throughout the Central American Region, custom requirements, sanitation requirements, standardized fees, and whether to raise or limit taxes Said The President of the AHM. He is aware that that in no way the Latin American countries are not going to be immune a la crisis. He insists the Latin America Needs to implement measures to make the fall not to be a hard one.
Sources: SICA, Univision, El Nuevo Diario, AFP, The Latin Americanist Surfer, Dude rip
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