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
A New Strain in Town
There’s a new strain in townBetter pull your trousers downGot to be a syringe somewhere…See More
"cheeki kea, thanks so much for your support."
"Greetings to you John, You're right and it didn't take long for those manuals to totally…"
The Many Keys to Deadly Secrecy in our Government
We now know thanks to the legislation of FOIA access to federal documents and evidence and the…See More
"Tartaria: the empire that built half the world's cathedrals, then vanished because someone…"
Another incredibly Stupid!! What, no mirrors?
"This movie portrayed plastic surgery as absurd. I guess the numbers in the real world are growing."
Unusual Discoveries and Headlines
Archaeologists have discovered an ancient tool dated to be 6,000 years old, but even more…See More
Inside Texas HOMELESS HELL – Even Cops Don't Dare Step In! - Documentary
In this powerful documentary, we explore the escalating Texas homeless crisis 2025, where cities and rural areas alike are witnessing a disturbing rise in th...
"Crazy how these whistleblower stories are finally making it into bigger conversations. Makes you…"
© 2025 Created by truth.
Powered by
You need to be a member of 12160 Social Network to add comments!
Join 12160 Social Network