Which one among the following is correct about the Sucre Currency in the world economy ?

It is a proposed regional currency for the Eastern European Union.

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It is a proposed regional currency for the South Asian Association of Regional Cooperation (SAARC).

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It is a proposed regional currency for the Bolivarian Alliance for the Americas (ALBA).

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None of the above

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Solution

The correct option is C It is a proposed regional currency for the Bolivarian Alliance for the Americas (ALBA).
SUCRE is a regional currency proposed for the trade bloc Bolivarian Alliance for the Americas (ALBA). Its main motive is to increase the stability of the regional economies and reduce the dependence of the member nations on the US dollar thereby decreasing US influence in the region.

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Which of the following countries is a member of the South Asian Association for Regional Cooperation (SAARC)?

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