what would you think about all latin america having a same coin, like Euros?

Question

please if you're not familiar with latin america don't answer

alot of them are actually pretty similar

Answer 1

It would be great if the countries were similar enough that a single monetary policy would work for all of the countries.

Unfortunately, that is not the case.

Some Latin American countries DO have a similar currency, however, they've adopted the US dollar as their daily currency (like Ecuador).

Answer 2

In order for Latin American countries to adopt a single currency, all the member countries should sustain a steady and strong economic fundamentals at a consistent and same levels. Without these, poorer Latin American countries with weaker currencies than others can cause imbalance to the single currency and cause it to be weak. But on the positive side, a single Latin AMerican currency can help to reduce trade costs and eliminate variants in foreign curency conversion among the member countries, as the countries will no longer need to transact in various currencies.