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Chavez-Led Bloc Adopts New Anti-US Currency

Morales_Chavez_Alba_Summit_2009.11.30A coalition of Latin American and Caribbean nations have agreed to adopt a new regional currency aimed at reducing the power of the US dollar.

The sucre will be used in Venezuela, Bolivia, Cuba, Ecuador, Nicaragua, Honduras, Dominica, Saint Vincent, Antigua and Barbuda. It was adopted by the nations, who call their coalition the Bolivarian Alternative for the Americas (Alba), after a two-day summit in Bolivia.

The sucre will first be only used in commercial exchanges between the nations instead of the dollar. An agreement on the value of the sucre relative to regional currencies is 90 percent complete.

Ecuador replaced the US dollar with the sucre as its official currency back in 2000.

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6 comments

By NewsGuy – November 1, 2009

6 Responses

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  1. Mark Tyson says

    It is about time; a step at a time is good to squash the imperialistic (NYC Jewish) greed.

    November 3, 2009, 5:58 am
  2. David Warner says

    Sucre. Hmmmm. I don’t know how that’s pronounced, but might you be a “sucker” to join in this movement?

    November 3, 2009, 10:39 am

Continuing the Discussion

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  3. Sharon linked to this post on November 2, 2009

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  4. No Sharia linked to this post on November 2, 2009

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