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Old 11-27-2008, 08:56 PM   #1 (permalink)
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7 countries talk single currency, Venezuela calls for IDB exodus
SMH

Seven countries, including two Caribbean islands, signed a document today paving the way for the establishment of a single currency among them, Cuban state media reported today.

The political leaders of Venezuela, Bolivia, Honduras, Nicaragua, Ecuador, Cuba and Dominica issued a final Declaration on Wednesday that gives a green light to the creation of a single currency, called the Sucre, that will initially circulate virtually, Granma said.

The final Declaration of the III Extraordinary Summit of the Bolivarian Alternative for the People of Our America, better known by its Spanish acronym ALBA, that Venezuelan President Hugo Chavez pioneered to replace the Free Trade Area of the Americas (FTAA) was approved today in Caracas. The Declaration approves the creation of a single monetary zone and "a chamber of compensation payments."

The creation of the monetary bloc would be accompanied by a Reserve Fund financed by contributions from member countries "to sustain investment policies for development," according to the document read by Venezuelan President Hugo Chávez.

The text received the support of the leaders of Bolivia, Evo Morales; Ecuador, Rafael Correa; Honduras, Manuel Zelaya; and Nicaragua, Daniel Ortega; Dominica, Roosevelt Skerrit and the representative of the Government of Cuba, Ricardo Cabrisas. ALBA agreed to meet again in December 2008.

The date for the next meeting according to Cuban state media is December 14, 2008 and the location, Caracas, where attendees will work to approve the technical details of the initiative, allso being called SUCRE (Sistema Único de Compensación Regional).
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Old 11-27-2008, 11:53 PM   #2 (permalink)
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Why is Dominica involved in this?
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Old 11-27-2008, 11:57 PM   #3 (permalink)
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Dominica really puttin dem self in hot water boi. Yuh ee de US eh like cuba and chavez already yuh going ahead with dem kinda ting....

allyuh pm dottish bad.
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Old 11-27-2008, 11:58 PM   #4 (permalink)
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when is elections ual tink he can win reelection??
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Old 11-28-2008, 12:39 AM   #5 (permalink)
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Originally Posted by Dr Insane View Post
Dominica really puttin dem self in hot water boi. Yuh ee de US eh like cuba and chavez already yuh going ahead with dem kinda ting....

allyuh pm dottish bad.
um....excuse you. Our PM is nowhere close to dotish

anyways here's an update

By EDONA JNO BAPTISTE, Dominica News Staff 27.NOV.08
A press conference was held this afternoon to clarify issues on a recently held summit for ALBA members with the intent of establishing a single currency amongst them.

Cuban state media reported earlier today that Venezuela, Bolivia, Honduras, Nicaragua, Ecuador, Cuba and Dominica signed a final Declaration on Wednesday that gives a green light for the establishment of a single currency called the Sucre, that will initially circulate virtually.

But Foreign Affairs Minister, Vince Henderson said that no document has been signed as yet.

He said a technical committee was appointed to review the proposals made for the Declaration which has not been implemented.

Dominica News - Breaking news and daily local news
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Old 11-28-2008, 04:25 PM   #6 (permalink)
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Originally Posted by Dr Insane View Post
Dominica really puttin dem self in hot water boi. Yuh ee de US eh like cuba and chavez already yuh going ahead with dem kinda ting....

allyuh pm dottish bad.
So yuh tink Obama go ROUGH-UP Dominica?
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Old 12-17-2008, 01:22 AM   #7 (permalink)
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Originally Posted by Nica View Post
Why is Dominica involved in this?
Allwi is one
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Old 12-17-2008, 06:01 AM   #8 (permalink)
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Originally Posted by Dr Insane View Post
Dominica really puttin dem self in hot water boi. Yuh ee de US eh like cuba and chavez already yuh going ahead with dem kinda ting....

allyuh pm dottish bad.
DOMINICA and "Friends" coming with a NEW CURRENCY called the SUCRE!
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Old 12-27-2008, 01:00 AM   #9 (permalink)
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someody say CHANGE. YES WE CAN
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