ALBA Alliance Forgoes US Dollar

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.


ALBA Alliance Forgoes US Dollar

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Rick Rozoff

There is no way of overestimating the challenge that the emergence of ALBA and the overall reawakening of Latin America pose to the role that the U.S. arrogates to itself as lord of the entire Western Hemisphere. The almost two-century-old Monroe Doctrine exemplifies Washington’s claim to exclusive influence over all of North, Central and South America and the Caribbean Basin and its self-claimed right to subordinate them to its own interests.

Rumors Of Coups And War: U.S., NATO Target Latin America « Stop NATO

Bolivia summit adopts new currency

Morales, left, and Chavez, were among the Alba leaders who praised the new currency [AFP] Leaders from Latin America and the Caribbean have agreed during a summit in Bolivia on creation of a regional currency aimed at reducing the use of the US dollar.

Al Jazeera English - Americas - Bolivia summit adopts new currency

Viva la Evolucion

A new Latin America is emerging on the global political stage. A two part video from Al Jazeera analysing how the Obama administration may deal with Latin America and what the relations will mean on a global level.
Viva la Evolucion - - Part 1 & Part 2
Featuring an exclusive interview with Noam Chomsky, and panel Dr Celia Szusterman, Associate fellow, Chatham House; Prof Roberto Mangabeira Unger, Harvard University and former Brazilian strategic affairs minister; and Dr Andres Mejia Acosta

Viva la Evolucion