Home > Exchange Rates > The Sucre – bypassing the US dollar

The Sucre – bypassing the US dollar

Here is a graphic from the Wall Street Journal which shows how the ‘sucre’ virtual currency bypasses the dollar in the foreign exchange market. The countries that take part are Venezula, Ecuador, Cuba, Bolivia, and Nicaragua. A big role for the central banks.

South America Currency

Advertisements
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: