Union of South American Nations Nelson Jobim, said in April 2008 that the Council would be formed after the "political" decision of the presidents who participated in the launch of the Union of South American Nations (UNASUR) on 23 May 2008. On 15 December 2008, at the extraordinary UNASUR summit, the creation of the South American Defense Council was finally approved. The defense ministers of Argentina, Brazil, Uruguay, Paraguay, Bolivia, Colombia, Ecuador, Peru, Chile, Guyana, Suriname and Venezuela. The Defense Council is responsible for developing joint defense policies, promoting the exchange of personnel among the Armed Forces of each country, conducting joint military exercises, participating
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