Posts Tagged ‘Currency’

US Dollar gets “virtually” trumped for SUCRE in Eastern Carib

Tuesday, October 20th, 2009

Member nations of Bolivarian Alliance for the Americas (ALBA) have agreed to implement a single currency to be used among themselves from next year.   The decision, made at ALBA’s Seventh Summit in Bolivia, was virtual moneyendorsed by Prime Ministers from Antigua and Barbuda, Dominica, the Grenadines and St. Vincent to go ahead with the use of the use of the virtual Single Regional Payment Compensation System (SUCRE) as a replacement for the US dollar in commercial exchanges among members. (more…)