Central American Countries have agreed to adopt new common currency and passport

[Masxmenos]

Just in from about 14 hours ago... Seven Presidents of Central America Countries met in Honduras and agreed to adopt not only a common currency, but also a common passport. Could this be the start of the Central America Union?What do the Ticos think about this? I think it will be nice from a currency perspective, because I absolutely hate the size of the 500 colones coin. But a common passport?

Countries participating:

• Costa Rica
• Honduras
• Guatemala
• El Salvador
• Nicaragua
• Panama
• Dominican Republic
• Belize

 

[VIEJODINOSAUR]

You mean Panama will be giving up the US Dollar? And how in the fuk did the Dominican Republic get into the act? Need more info Diz...

 

[Masxmenos]

You mean Panama will be giving up the US Dollar? And how in the fuk did the Dominican Republic get into the act? Need more info Diz...

Yes. Well, technically Panama uses two currencies, The Balboa and The Dollar. I still have Balboas LOL.

The DR has kinda "last minute" joined all these Central American talks. Remember CAFTA (TLC) didn't include the DR until the very end, then they changed it to DR-CAFTA (TLC).

VD, more info is coming in. As soon as I get more I will post it, I promise. This is less than 24 hours old (14 hours to be specific). But I promise as I get more info, I will post it. Wolfie may have some info as well.

 

[wolfie_cr]

the unique visa stuff is only for Nicaragua,Honduras,Salvador and Guatemala

its impossible that we do that because it would automatically mean that we might need visas for countries such as Mexico (where Honduras need one) and possibly Europe too (Where we can go without visa )

the only thing we are in is with " also agreed Friday on a 41-point economic blueprint to help the region weather the current global financial storm."

http://www.google.com/hostednews/afp/article/ALeqM5i_h9-4ICKfWTDo9RB8EbXS9_UBDw

 

[AdamSelene]

Article is a hoax.

 

[Masxmenos]

Article is a hoax.

Not sure about that, The AP is a pretty reliable news source. Granted weekend news usually takes a day or two to iron out the details, this doesn't sound like a hoax. I wish it were though, so I wouldn't be waiting to hear more about it. Remember, Brazil and Argentina with thier proposed "non-US Dollar trade agreement"? I think their is a pretty big concern that has hit LatAm.


AP Article: http://www.google.com/hostednews/ap/article/ALeqM5hiwSmrg6foiVGSKfBDIJgeirfwSQD94STAD80

Dominican Today Article: http://www.dominicantoday.com/dr/ec...ntral-American-countries-want-common-currency

 

[Masxmenos]

Common passport is not the case as Wolfie stated, only a few countries will participate in the common VISA. But the agreement for the common currency was signed with no set date for implementation.

 

[AdamSelene]

Not sure about that, The AP is a pretty reliable news source.

Associated Press? No, don't you mean La Agence France-Presse. Most everything else is just repeating text from that article.

But the agreement for the common currency was signed with no set date for implementation.

And who signed it, exactly? Last time I looked there were seven countries in Central America, so forgive me if I still call the Agence France-Presse article a hoax based on it's title of "Central American leaders agree on common currency". Guatemala, Honduras and Nicaragua don't exactly define Central America, they are nearly the weakest three economies of the seven. Arias didn't even attend, not sure who did.

Of course Paris is in love with Hugo Chavez, and also thinks his Sucre common currency idea is great. BTW Honduras and Nicaragua also want to adopt the Sucre, so which is it?

Argentina's about to default on their debt for the second time, Ecuador selectively defaulting on their debt, Venezuela can't survive with Oil below $60 per barrel and will be next... yeah, Latin American common currencies sound like a great idea! Might as well tie an anchor to your leg and jump overboard.

If Panama and El Salvador are worried about dollar devaluation, they're a few years too late, U.S. is facing 5-7 years of a deflationary depression, the U.S. dollar is growing in strength now, not weakening; but that's a subtlety of economics most people won't understand.

 

[Masxmenos]

Associated Press? No, don't you mean La Agence France-Presse. Most everything else is just repeating text from that article.



And who signed it, exactly? Last time I looked there were seven countries in Central America, so forgive me if I still call the Agence France-Presse article a hoax based on it's title of "Central American leaders agree on common currency". Guatemala, Honduras and Nicaragua don't exactly define Central America, they are nearly the weakest three economies of the seven. Arias didn't even attend, not sure who did.

Of course Paris is in love with Hugo Chavez, and also thinks his Sucre common currency idea is great. BTW Honduras and Nicaragua also want to adopt the Sucre, so which is it?

Argentina's about to default on their debt for the second time, Ecuador selectively defaulting on their debt, Venezuela can't survive with Oil below $60 per barrel and will be next... yeah, Latin American common currencies sound like a great idea! Might as well tie an anchor to your leg and jump overboard.

If Panama and El Salvador are worried about dollar devaluation, they're a few years too late, U.S. is facing 5-7 years of a deflationary depression, the U.S. dollar is growing in strength now, not weakening; but that's a subtlety of economics most people won't understand.

Click on the link, look at the image. See that?

Please do a little research before you assume, you didn't even check the AP link I provided. You don't even know who signed it.

Here is who signed it adam,

"Attending the summit, in addition to the Honduran president Manuel Zelaya, the presidents Alvaro Colom (Guatemala), Elias Antonio Saca (El Salvador) and Daniel Ortega (Nicaragua); also, Marco Vinicio Ruiz (Minister for Foreign Trade of Costa Rica), Gaspar Vega (vice minister of Belize), Samuel Lewis Navarro (vice president and foreign minister of Panama) and Rafael Albuquerque (vice president of the Dominican Republic)."

 

[VeNuS]

Yup they did have a SICA (Sistema de Integracion Centroamericana) meeting, the attendance of all presidents listed above was confirmed. Since this happened on friday, SICA doesn´t have the latest news, but I agree with Dizz, sources are pretty reliable and it has been published by several newspapers.
d1g1t

 

[AdamSelene]

Please do a little research before you assume, you didn't even check the AP link I provided.

I did. The AP article makes no mention of an agreement for a common currency. In fact it doesn't even mention a common currency.

The AFP article is what claims a common currency was agreed to, and referenced as a source in other articles that mention it, and again I claim bullshit on that statement.

 

[AdamSelene]

Seven Presidents of Central America Countries met in Honduras and agreed to adopt not only a common currency

Marco Vinicio Ruiz (Minister for Foreign Trade of Costa Rica), Gaspar Vega (vice minister of Belize), Samuel Lewis Navarro (vice president and foreign minister of Panama) and Rafael Albuquerque (vice president of the Dominican Republic)

You first posted that seven presidents agreed to a common currency, and now you posted that four presidents didn't even attend the meeting.

You did no research before posting, you posted a hoax; a hoax based on a meeting that did actually happen, but a hoax none-the-less. Most maliciously bad information is not invented but instead half-truths. The statement you first posted is patently false; proven so after you actually did some research.

Fuckwit.

 

[Masxmenos]

Stay classy Adam

 

[NES]

You challenged AdamSelene? Dumbass.

 

[NES]

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[AdamSelene]

Stay classy Adam

Ok, I'll try. I'll give you credit for at least not bringing the Amero into it.

From Mish...

Amero Nonsense

I am tired of talk on the Amero. At least 10 people emailed me over the past week asking about Hal Turner's post *** URGENT *** NEW "AMERO" PAPER CURRENCY EXPOSED!

It is ridiculous to have to comment on such nonsense but in the sake of stopping the spread of that nonsense, as well as the emails and questions I get, I feel compelled to say something. Here is is:

Please Think!

Would the US give up control of its money supply?
Would Mexico?
Would the US want to merge currencies with Mexico? Why?
Would Canada want to merge currencies with either the US or Mexico?

The idea is pure lunacy yet these rumors manage to circulate. That they manage to circulate is a testimonial to the fact that people will believe anything without bothering to ask even a few simple questions such as those listed above.