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welcome to cracked briefings on global Affairs international relations and technology today in Focus brics countrys release date when new currency Reserve will appear and how will it affect the local currencies of The Block members lets get started the creation of a joint currency by Brazil and Argentina was announced on January 22. other Latin American nations will be given the opportunity to join the monetary Union which may grow to be the second largest in the world ing to the financial times the GDP of a monetary Union that includes all of Latin America will be around five percent the Euro which represents 14 of the worlds GDP is the biggest monetary Union in the world but some economists including Olivia Blanchard a former top Economist at the IMF think the strategy is crazy the fundamental cause is the docHub disparity in economic statistics between nations in November 2022 Argentinas inflation rate was 92 percent and Brazils was 5.9 percent Argentinas monthly inflatio