Latin America plans US dollar replacement

Discussion in 'Current Events' started by Octoldit, Oct 18, 2009.

  1. Octoldit
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    Octoldit VIP Member

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    Sat, 17 Oct 2009 16:13:51 GMT

    Leftist Latin American leaders have agreed on using a new intra- regional trading currency, dubbed as Sucre, instead of the US dollar.

    Bolivian President Evo Morales, who hosted leaders of the Bolivarian Alternative for Latin America and the Caribbean (ALBA), said that the “document is approved.”

    During the seventh ALBA summit, the leaders agreed on the currency reform as well as approving plans to impose economic sanctions against the coup leaders in Honduras, AFP reported.

    The currency, Sucre, is named after Jose Antonio de Sucre who fought for Spain's independence alongside Venezuelan hero Simon Bolivar in the early 19th century.


    LINK: Latin America plans US dollar replacement
    Edited to comply with fair use

    ~Dude
     
  2. Polk
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    Polk Classic

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    Seems like the Hugo fan club have found a pet project.
     
  3. xsited1
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    xsited1 Agent P

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    I hope this means no more aid for Latin and South America. Bush and Obama have bankrupted us.
     
  4. truthsaga
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    truthsaga Economic and BlowBack Ace

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    This is a step in the right direction all we need next is China and Japan to stop lending us all this money.
     
  5. JW Frogen
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    JW Frogen Gold Member

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    Brazil is not in, and Brazil is the only real economic power source with a future that does not just involve grievance against Uncle Sam down there.
     
  6. PatekPhilippe
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    PatekPhilippe Senior Member

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    Not to mention a shitload of oil has been discovered off their coast.
     
  7. Toro
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    Toro Diamond Member

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    It's irrelevant.
     
  8. Ringel05
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    Ringel05 Diamond Member

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    Yup, and with any luck they'll sink their own ship.
     

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