The single South American currency was a hypothetical
united currency for
South America
South America is a continent entirely in the Western Hemisphere and mostly in the Southern Hemisphere, with a relatively small portion in the Northern Hemisphere at the northern tip of the continent. It can also be described as the sout ...
. It was proposed by the leaders of several countries, and would have been issued by the
Bank of the South to the members of the
Union of South American Nations
The Union of South American Nations (USAN; es, links=no, Unión de Naciones Suramericanas, UNASUR; pt, links=no, União de Nações Sul-Americanas, UNASUL; nl, links=no, Unie van Zuid-Amerikaanse Naties, UZAN; French: ''Union des nations s ...
.
A name for the currency was not defined, but several have been proposed, such as ''Condor'', American ''Peso'', ''Latino'', ''Pacha'', ''Sucre'', ''Colombo'', ''Peso-Real'', ''Sur'', among others.
The Bank of the South establishes monetary policy and finance development projects; one of the objectives of the monetary union is the establishment of a single
currency
A currency, "in circulation", from la, currens, -entis, literally meaning "running" or "traversing" is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins.
A more general ...
in South America.
Ecuador apoya una moneda única para Suramérica
El País, 12 de dezembro de 2007
See also
* Specific proposals for South American currencies
** Gaucho
A gaucho () or gaúcho () is a skilled horseman, reputed to be brave and unruly. The figure of the gaucho is a folk symbol of Argentina, Uruguay, Rio Grande do Sul in Brazil, and the south of Chilean Patagonia. Gauchos became greatly admired and ...
** SUCRE
* Currency unions (real or proposed) outside South America
** Afro
The afro is a hair type created by natural growth of kinky hair, or specifically styled with chemical curling products by individuals with naturally curly or straight hair.Garland, Phyl"Is The Afro On Its Way Out?" ''Ebony'', February 1973. ...
** Amero
** Caribbean guilder
** CFA franc
The CFA franc (french: franc CFA, , Franc of the Financial Community of Africa, originally Franc of the French Colonies in Africa, or colloquially ; abbreviation: F.CFA) is the name of two currencies, the West African CFA franc, used in eight We ...
** CFP franc
The CFP franc (French: , called the ''franc'' in everyday use) is the currency used in the French overseas collectivities (, or COM) of French Polynesia, New Caledonia, and Wallis and Futuna. The initials ''CFP'' originally stood for ('Frenc ...
** Eastern Caribbean dollar
The Eastern Caribbean dollar ( symbol: EC$; code: XCD) is the currency of all seven full members and one associate member of the Organisation of Eastern Caribbean States (OECS). The successor to the British West Indies dollar, it has existed si ...
** Eco
** Euro
The euro ( symbol: €; code: EUR) is the official currency of 19 out of the member states of the European Union (EU). This group of states is known as the eurozone or, officially, the euro area, and includes about 340 million citizens . ...
** Khaleeji
** Terra
Terra may often refer to:
* Terra (mythology), primeval Roman goddess
* An alternate name for planet Earth, as well as the Latin name for the planet
Terra may also refer to: Geography Astronomy
* Terra (satellite), a multi-national NASA scienti ...
References
Economy of South America
{{Finance-stub