Latin American Leftists to trade in new virtual 'sucre' currency
Members of Latin America's Leftist bloc will trade amongst themselves using a new currency called the "sucre" in the new year, the group said over the weekend. No sucres will be printed or coined, but the virtual currency will be used to manage debts between the nine nations in a move to reduce reliance on the US dollar. Cuba already signed an agreement on Saturday to pay for a shipment of Venezuelan rice in sucres, according to Rogelio Sierra, the island's deputy foreign minister. He declined to say what the shipment was worth. That agreement was made as it emerged...
Original Article: Forum: News/Activism
Tags: Bloc, Cuba, Debts, Foreign Minister, Latin America, Latin American, Latin Trade, Leftists, New Members, New Year, Reliance, Sierra, Sucre, Sucres, Virtual Currency, X22, X27