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Glite Dictionary
🏛️ Bolivian capital 💱 Regional currency
Sucre

Sucre

9.9
A regional money used by ALBA countries to settle trade and payments
  • proper noun
  • Specialized
: Sucre
  • The bank used Sucre balances to clear payments between member countries after the agreement.

Examples

  • Economists debated whether adopting the Sucre improved stability or merely complicated bilateral settlements.

  • Several governments began settling trade in Sucre under the regional currency scheme.

  • The Sucre is a significant unit of account in ALBA.

  • Many countries in Latin America use the Sucre for trade.

  • The ALBA countries use the Sucre to facilitate trade and settle payments among each other.

  • During regional trade meetings, representatives discussed the benefits of using the Sucre for transactions.

  • Ecuador utilized the Sucre as a key component in its efforts to strengthen economic ties with neighboring countries.

Surface Forms

Sucre main

Etymology

Sucre used for the regional currency was chosen to honour Antonio José de Sucre, a hero of South American independence. So the currency's name is a way to honour him and to show the idea of countries working together to settle payments.