Union of South American Nations UNASUR, to deliberate on the application of sanctions to the affected state. Among the political and diplomatic sanctions envisaged by the Protocol, the following stand out: Visits by South American citizens to any South American independent country of up to 90 days only require an identification document issued by the traveler's country. In November 2006, Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Guyana, Paraguay, Peru, Suriname, and Uruguay agreed to abolish visa requirements for tourists between any of those nations. Mercosur, along with its Associate members of Bolivia, Chile, Colombia and Ecuador established that their territories together form an "area of
Union of South American Nations Sur, Dutch: Bank van het Zuiden, English: Bank of the South) will establish monetary policy and finance development projects. One of the objectives of monetary union is to establish a Single South American currency. Support for the creation of this currency was provided in January 2007 by Peruvian President Alan García, and other South American authorities expressed themselves in favor, as Bolivian President Evo Morales in April of that year, who proposed that the currency Only one denominated "Pacha" ("earth" in Quechua language), however, except for the right of each country to suggest a name for the common currency. The