ALBA Alliance Forgoes US Dollar
Voice of Russia
December 14, 2009
The member nations of the Bolivarian Alliance for the Americas, ALBA, have decided to give up the US dollar in trading between them.
They will instead use the sucre conventional monetary unit. The first international sucre transaction has already been made, with Cuba signing a contract with Venezuela on buying a consignment of rice.
The agreement on a single system of regional payments is to be signed during an ALBA countries™ summit due in the Venezuelan city of Kumana next April.
The financial mechanism will become operational next year to promote dollar-free cost-accounting.
The ALBA alliance comprises the Latin American and Caribbean nations that seek to promote trade and cooperation among the participants and counteract the continually US-advanced free-trade areas. The ALBA alliance was initiated by Hugo Chavez and Fidel Castro back in 2004.
December 14, 2009
The member nations of the Bolivarian Alliance for the Americas, ALBA, have decided to give up the US dollar in trading between them.
They will instead use the sucre conventional monetary unit. The first international sucre transaction has already been made, with Cuba signing a contract with Venezuela on buying a consignment of rice.
The agreement on a single system of regional payments is to be signed during an ALBA countries™ summit due in the Venezuelan city of Kumana next April.
The financial mechanism will become operational next year to promote dollar-free cost-accounting.
The ALBA alliance comprises the Latin American and Caribbean nations that seek to promote trade and cooperation among the participants and counteract the continually US-advanced free-trade areas. The ALBA alliance was initiated by Hugo Chavez and Fidel Castro back in 2004.
Comment
"Destroying the New World Order"
THANK YOU FOR SUPPORTING THE SITE!
Latest Activity
- Top News
- Everything
"Ning is working on theproblem. Their reply:
"Hello, Thank you for notifying us.We are…"
The Day of the Dolphin (1973) Original Trailer [FHD]
Directed by Mike Nichols. With George C. Scott, Trish Van Devere and Paul Sorvino.The Day of the Dolphin Blu-ray : https://amzn.to/3W9bfbxThe Day of the Dolp...
"I issued a ticked concerning your report. "The rgeular format is not appearing on the…"
Report an Issue
"The rgeular format is not appearing on the page and I can't add contwent unless its limited…"
"cheeki kea, you are so right. We live in a world where even art has been lost to the savagery of…"
"I seriously doubt Trump has a God complex as he is merely treying to save this country, but people…"
Project Twinkle and an Incident at Holloman Air Force Base
I didn’t think it would happen as soon as it did, but it did! I got the call and a black…See More
A teacher exposes the LGBT agenda coming into in elementary schools
At the Teens4Truth Conference at the Southwestern Baptist Theological Seminary, Nov.18, 2017. A teacher warns that parents have no idea how bad it is, and ev...
main-qimg-c0f46f334984bf2d4642651a38db08ca
"This is sick. What about learning something useful like, reading, mathematics, literature, science…"
© 2026 Created by truth.
Powered by
You need to be a member of 12160 Social Network to add comments!
Join 12160 Social Network