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WHAT IS THE SUCRE?

The Unitary System of Regional Compensation, SUCRE, is a mechanism that serves to handle international payments resulting from reciprocal trade transactions among member countries. This system is based on the use of a virtual currency "sucre" to register operations exclusively between central banks, while local settlement (payments to exporters and charges to importers) is carried out with the respective local currencies of member countries (in Ecuador will be held in dollars).

ADVANTAGE OF SUCRE

1. Access to a market of about 68 million.

 

2. Allows the use of local currency to pay for imports

 

3. Reduces the costs of currency conversion for small and medium enterprises and business associations.

 

4. Optimizes administrative procedures for international payments.

 

5. Reduces other transaction costs caused by asymmetric information.

 

6. Facilitates the expeditious settlement of acquired obligations.

 

7. Reduces the difference between the value date applied to acquisitions and disposals of foreign exchange.

 

8. Maximizes cash flow of the company's treasury.

 

9. Diversified offer of goods and services.

 

10. Reduction in import costs.

 

11. Lower prices for consumers.

 

 Countries of the Regional Monetary Council

Address: Av. Tamanaco de la Urbanización El Rosal,

Edif. La Unión, Local 3, PB.

Municipio Chacao - Estado Miranda

Phone:  Master (+058) 212-9528618

Fax: (+058) 212-9528618

Contact : contacto@sucrealba.org

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Derechos Reservados ® Consejo Monetario Regional - 2016

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    • ABOUT US +
    • SUCRE +
    • FUND RESERVES +
    • COUNTRIES MEMBERS +

Address: Av. Tamanaco de la Urbanización El Rosal,

Edif. La Unión, Local 3, PB. Municipio Chacao - Estado Miranda

Phone:  Master (+058) 212-9528618  / Fax: (+058) 212-9528618

Contact: contacto@sucrealba.org

Derechos Reservados ® Consejo Monetario Regional - 2016

    • ABOUT US +
    • SUCRE +
    • FUND RESERVES +
    • PAÍSES MIEMBROS +