Monday, April 20, 2009

Chavez is replacing the U.S.

From 1 January 2010, some Latin American countries begin to use the new currency, the sucre conditional. According to the Venezuelan leader, Hugo Chavez, it will be applied for in the mutual trade and joint economic projects. The decision to impose a new monetary unit must approve the leaders, members of the politico-economic bloc Abla - "The countries of the Bolivarian Initiative for America," broadcast "News . ru. On the twelfth summit of the organization's profits, President Hugo Chávez of Venezuela, the Bolivian leader Evo Morales, the chairman of the State Council of Cuba, Raul Castro, Prime Minister of the Commonwealth of Dominica Roosevelt Skerrit, and Honduran President Manuel Zelaya. All of these countries, as well as Ecuador, Sucre is already planning to use from 1 January 2010. Note that the currency is the Spanish acronym of "unified regional system of mutual settlements." According to Hugo Chavez, the introduction of the conditional exchange has "strategic importance which can hardly be overestimated." The head of the Venezuelan state of Sucre earlier compared with the ECU in Europe, which was then converted to the euro. Recall that at the end of March 2009 was made by Chavez in support of the President of Russia Dmitry Medvedev to establish an international reserve currency, "which is independent from any of the States." "It is clear that the current monetary system has not coped with the challenges. It is good that we still have a range of currencies: dollar, euro, pound sterling. But the good for the future, this system should be based on a multi-cart, it should include themselves and other regional reserve currency - the eve of the summit said Medvedev "Big twenty" in London. - If we can agree, that in the future, you can talk about creating some supervalyuty. "Venezuelan leader Hugo Chavez said:" We strongly support this proposal " . The politician also called for an end to "dollar hegemony" and to gradually eliminate the use of American currency in international payments

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