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- SUCRE abstract "The SUCRE (Spanish: Sistema Único de Compensación Regional, English: Unified System for Regional Compensation) is a proposed regional currency to be used in commercial exchanges between members of the regional trade bloc Bolivarian Alliance for the Americas (ALBA), which was created as an alternative to the Free Trade Agreement of the Americas (FTAA). The SUCRE is intended to replace the US dollar as a medium of exchange in order to decrease US control of Latin American economies and to increase stability of regional markets.The SUCRE was first used as a virtual currency in 2010 in at least two transactions between Ecuador and Venezuela. International trade between member states in SUCRE exceeded $850 million in 2013. Eventually, the plan is for the SUCRE to become a hard currency.The plan for the introduction of the SUCRE, initially as a virtual currency, parallels the European Union's introduction of the euro in 1999, which was preceded by the European Currency Unit in 1979. The SUCRE is the unit of account for all transactions in the clearinghouse. Its value derives from a basket of currencies from the member countries, weighted according to the relative size of the economies.The treaty explicitly limits the backing assets of the basket of currencies to financial securities denominated in the respective currencies of the member states. Prohibition of alternative forms of currency backing (such as commodity backing) presents an inequity for Ecuador that, alone in the group, does not have its own national currency (it uses the US dollar)[citation needed].In the case of ALBA members Dominica, Saint Vincent and the Grenadines, and Antigua and Barbuda, the new currency poses a dilemma as they are already a member of the Eastern Caribbean Currency Union and use the East Caribbean dollar, although none of them have signed on to the treaty establishing the SUCRE and the regional payments clearinghouse.The SUCRE is named after Antonio José de Sucre, a leading figure in Latin America's independence struggle. Agreement in general terms for the currency was declared in Sucre's birthplace of Cumaná, capital of Venezuela's Sucre state, on April 16, 2009. The formal treaty establishing the regional payments clearinghouse was signed by the six Latin American presidents in Cochabamba, Bolivia, on October 17, 2009. (Ironically, the former currency of Ecuador, one of the SUCRE's users, was also called the sucre, but was abandoned and replaced by the US dollar after the economic crisis in 1999).In 2013 Uruguay joined the currency.".
- SUCRE thumbnail Bolivarian_Alliance_for_the_Peoples_of_Our_America_(orthographic_projection)_Without_Honduras.svg?width=300.
- SUCRE wikiPageID "21007814".
- SUCRE wikiPageRevisionID "603273388".
- SUCRE hasPhotoCollection SUCRE.
- SUCRE subject Category:Currency_unions.
- SUCRE subject Category:Interbank_networks.
- SUCRE subject Category:Proposed_currencies.
- SUCRE subject Category:Real-time_gross_settlement.
- SUCRE comment "The SUCRE (Spanish: Sistema Único de Compensación Regional, English: Unified System for Regional Compensation) is a proposed regional currency to be used in commercial exchanges between members of the regional trade bloc Bolivarian Alliance for the Americas (ALBA), which was created as an alternative to the Free Trade Agreement of the Americas (FTAA).".
- SUCRE label "SUCRE (moneda del ALBA)".
- SUCRE label "SUCRE".
- SUCRE label "SUCRE".
- SUCRE label "SUCRE".
- SUCRE label "SUCRE".
- SUCRE label "Sucre (monnaie de l'ALBA)".
- SUCRE label "Сукре (коллективная валюта)".
- SUCRE label "域内統一決済システム".
- SUCRE sameAs SUCRE.
- SUCRE sameAs SUCRE_(moneda_del_ALBA).
- SUCRE sameAs SUCRE.
- SUCRE sameAs Sucre_(monnaie_de_l'ALBA).
- SUCRE sameAs 域内統一決済システム.
- SUCRE sameAs 수크레_(통화).
- SUCRE sameAs SUCRE.
- SUCRE sameAs SUCRE.
- SUCRE sameAs m.05b22yk.
- SUCRE sameAs Q1148329.
- SUCRE sameAs Q1148329.
- SUCRE wasDerivedFrom SUCRE?oldid=603273388.
- SUCRE depiction Bolivarian_Alliance_for_the_Peoples_of_Our_America_(orthographic_projection)_Without_Honduras.svg.
- SUCRE isPrimaryTopicOf SUCRE.