What does SUCRE mean?

Definitions for SUCRE
ˈsu kreɪsu·cre

This dictionary definitions page includes all the possible meanings, example usage and translations of the word SUCRE.

Princeton's WordNet

  1. sucrenoun

    the basic unit of money in Ecuador; equal to 100 centavos

  2. Sucrenoun

    the judicial capital and seat of the judiciary in Bolivia

Wiktionary

  1. sucrenoun

    The former currency of Ecuador, divided into 100 centavos

  2. Sucrenoun

    The constitutional capital of Bolivia.

Wikipedia

  1. SUCRE

    The SUCRE ([ˈsukɾe]; Spanish: Sistema Unitario de Compensación Regional, "Unified System for Regional Compensation") was a regional currency proposed for commercial exchanges between members of the regional trade bloc Bolivarian Alliance for the Americas (ALBA), which was created as an alternative to the Free Trade Agreement of the Americas (FTAA). The SUCRE was intended to replace the US dollar as a medium of exchange in order to decrease US influence and control of Latin American economies and to increase stability of regional markets. The SUCRE was first used as a virtual currency in 2010 in two transactions between Ecuador and Venezuela. International trade between member states in SUCRE reached its maximum in 2012 with 2,646 transactions worth almost 1,066 million US dollars. In each following year trade in SUCRE shrank. In 2015 there were 752 transactions worth around 345 million dollars.The plan for the introduction of the SUCRE, initially as a virtual currency, paralleled the European Union's introduction of the euro in 1999, which was preceded by the European Currency Unit in 1979. The SUCRE was intended as the unit of account for all transactions in a clearinghouse. Its value derived from a basket of currencies from the member countries, weighted according to the relative size of the economies.The treaty explicitly limited the backing assets of the basket of currencies to financial securities denominated in the respective currencies of the member states. Prohibition of alternative forms of currency backing (such as commodity backing) presented an inequity for Ecuador that, alone in the group, does not have its own national currency (it uses the US dollar).In the case of ALBA members Dominica, Saint Vincent and the Grenadines, and Antigua and Barbuda, the new currency posed a dilemma as they are already a member of the Eastern Caribbean Currency Union and use the East Caribbean dollar, although none of them had agreed to the treaty establishing the SUCRE and the regional payments clearinghouse.The SUCRE is named after Antonio José de Sucre, a leading figure in Latin America's independence struggle. Agreement in general terms for the currency was declared in 2009. The formal treaty establishing the regional payments clearinghouse was signed by the six Latin American presidents in Cochabamba, Bolivia, on October 17, 2009. (The former currency of Ecuador, one of the SUCRE's users, was also called the sucre, but was abandoned and replaced by the US dollar after the economic crisis in 1999). This currency has code XSU in ISO 4217 standard currency list.In 2013 Uruguay joined the currency.In 2018, the government of Venezuela proposed using the Petro, instead, for trade within ALBA.

ChatGPT

  1. sucre

    Sucre is the Spanish word for "sugar". It is also the name of the legal capital city of Bolivia. Additionally, Sucre was the former currency of Ecuador until the year 2000. The context in which the term is being used would determine its specific meaning.

Webster Dictionary

  1. Sucrenoun

    a silver coin of Ecuador, worth 68 cents

Wikidata

  1. Sucre

    Sucre, also known historically as Charcas, La Plata and Chuquisaca is the constitutional capital of Bolivia, the capital of the department of Chuquisaca and the 5th most populated city in Bolivia. Located in the south-central part of the country, Sucre lies at an elevation of 2810 m. This relatively high altitude gives the city a cool temperate climate year-round.

Editors Contribution

  1. SUCRE

    Sucre means sugar

    Sweet


    Submitted by anonymous on January 13, 2021  

Surnames Frequency by Census Records

  1. SUCRE

    According to the U.S. Census Bureau, Sucre is ranked #84463 in terms of the most common surnames in America.

    The Sucre surname appeared 222 times in the 2010 census and if you were to sample 100,000 people in the United States, approximately 0 would have the surname Sucre.

    65.7% or 146 total occurrences were of Hispanic origin.
    25.2% or 56 total occurrences were White.
    7.6% or 17 total occurrences were Black.

Anagrams for SUCRE »

  1. cruse

  2. cures

  3. curse

How to pronounce SUCRE?

How to say SUCRE in sign language?

Numerology

  1. Chaldean Numerology

    The numerical value of SUCRE in Chaldean Numerology is: 1

  2. Pythagorean Numerology

    The numerical value of SUCRE in Pythagorean Numerology is: 3

Popularity rank by frequency of use

SUCRE#10000#36609#100000

Translations for SUCRE

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"SUCRE." Definitions.net. STANDS4 LLC, 2024. Web. 28 May 2024. <https://www.definitions.net/definition/SUCRE>.

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    flee; take to one's heels; cut and run
    A scarper
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