Revolut adds Brazil and Mexico to global expansion
Revolut adds Brazil and Mexico to global expansion
Digital bank Revolut has announced its expansion into Mexico and Brazil, with a plan to hire 250 new employees in both countries by 2025.
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Do You Think Brazil & Argentina Will Do it???
The governments of Brazil & Argentina are making plans to create a new currency for Latin America, called the Sur (“south” in English). Other countries in the region will be invited to use the currency. The goal is to “boost regional trade & reduce reliance on the US dollar”.
One thing is sure: More and more countries are in the process of dumping the US dollar!!!
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Link to articles:
Brazil and Argentina to start preparations for a common currency:
https://archive.is/mlXhj
Latin America’s plan to challenge US dollar with new currency and ‘regional financial architecture’:
https://geopoliticaleconomy.com/2022/12/01/latin-america-us-dollar-currency/
China ‘counters US dollar hegemony’ with gold reserves, Argentina yuan currency swap deal:
https://geopoliticaleconomy.com/2023/01/08/china-dollar-gold-reserves-argentina-yuan/
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