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sucre

SUCRE: chavista virtual payment mechanism is the latest corruption scam Alek Boyd Wed, 07/24/2013 - 10:27

Wikipedia (handle with care) defines it thus: "SUCRE (Spanish: Sistema Único de Compensación Regional, English: Unified System for Regional Compensation) is a proposed regional currency to be used in commercial exchanges between members of the regional trade bloc Bolivarian Alliance for the Americas (ALBA), which was created as an alternative to the Free Trade Agreement of the Americas (FTAA). The SUCRE is intended to replace the US dollar as a medium of exchange in order to decrease US control of Latin American economies and to increase stability of regional markets." A noble endeavor, some will say...