Regional Monetary Cooperation And Growth Enhancing Policies

Download or read book Regional Monetary Cooperation and Growth-enhancing Policies written by United Nations and published by . This book was released on 2011 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt: Argues that regional monetary cooperation can make an important contribution towards establishing stable monetary conditions conducive to growth and development. Examines the SUCRE Initiative, launched by the Bolivarian Republic of Venezuela, Bolivia, Cuba, Ecuador, Honduras and Nicaragua, aimed at offering members an alternative system that offers the option to invoice intraregional trade transactions using a virtual unit of account, the SUCRE (United System for Regional Compensation), and permitting the use of domestic currencies of the member countries for final clearing and settlement.