Is Latin America Working On A New Currency?
Posted By thestatedtruth.com on January 24, 2010
Latin America To Meet On New Currency
Sun, 24 Jan 2010 08:40:07 GMT
Latin American presidents have organized a meeting to take a step to ‘break’ their dependence on US dollar in regional financial transactions.
Venezuelan President Hugo Chavez said on Saturday that the leaders would meet Monday in Caracas.
“We’ll have a very important meeting of economy ministers from ALBA (Bolivian Alliance for the peoples of Americas) to further shape an extraordinary project” on a new currency, Chavez said.
The currency, the Sucre, will “break the dependency on the dollar, its economic and financial colonialism,” he added.
The Sucre was named after Jose Antonio de Sucre who fought for independence from Spain alongside Venezuelan hero Simon Bolivar in the early 19th century.
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