The South American regional currency unit was proposed by several presidents of South America and in the future would be issued by the Bank of the South to the members of the Union of South American Nations.
Designation has not yet defined, and several names have been proposed, such as condor, American Peso, Latino, pacha, sucre, colombo, Peso-Real, among others.
The Bank of the South (Spanish: Banco del Sur, Dutch: Bank van het Zuiden, Portuguese: Banco do Sul) establishes monetary policy and finance development projects; one of the objectives of the monetary union is the establishment of a single currency in South America.
References
Single South American currency Wikipedia(Text) CC BY-SA