One of the mysteries of the English language finally explained.
The basic monetary unit of Ecuador until 2000, equal to 100 centavos.
- ‘Fortunately for Ecuador, obtaining U.S. dollars to replace sucres has been aided by the high price of oil, Ecuador's main export.’
- ‘After many deliberations with his economic advisers President Jamil Mahuad announced that the sucre was to be ditched altogether.’
- ‘Ecuadorian trade unions are threatening to call mass protests this month against the worsening economic conditions caused by last April's replacement of Ecuador's currency - the sucre - with the dollar.’
- ‘Mahuad's proposal to dollarize the economy, scrapping the sucre, the national currency, in favor of US greenbacks, sparked widespread opposition and mass protests that ended in the military overthrow.’
- ‘Mahuad plans to replace sucres with dollars at a rate of 25,000 to one, effectively impoverishing a large majority of the country's 12 million people.’
- ‘Its value at the end of 1999 was 25,000 sucres per dollar.’
- ‘A key plank of the government plan was to replace the country's currency, the sucre, by the US dollar.’
- ‘The exchange rate announced by Mahuad, 25,000 sucres to the dollar, testifies to the rapid impoverishment of the Ecuadorian masses over the past year, during which the sucre's value has fallen by 82 percent.’
- ‘As of now, checks issued in sucres must be paid in dollars.’
- ‘The government adopted a ‘dollarization’ plan in March that will result in the replacement of sucres with dollars.’
- ‘In addition to proposing the replacement of the sucre with the dollar at the current exchange of 25,000 to one, the proposal includes bank and labor reforms that would make Ecuador more enticing to foreign investors.’
- ‘Ecuador abandoned the sucre for the U.S. dollar last year.’
- ‘But critics said it was a last-ditch effort by Mahuad to stay in power, and that abandoning the sucre would devastate many Ecuadoreans' sucre-based savings.’
- ‘Galapagos is part of Ecuador and the local currency is the sucre.’
- ‘So far in 2000 it has lost another 9 percent of its value, passing the barrier of 25,000 sucres to the dollar, creating conditions of economic desperation for Ecuador's working class and peasantry.’
- ‘The national currency, the sucre, would be replaced by the US dollar.’
Named after A. J. de Sucre (see Sucre, Antonio José de).
The legal capital and seat of the judiciary of Bolivia; population 274,576 (2009). It is situated in the Andes, at an altitude of 2,700 m (8,860 ft). Named Chuquisaca by the Spanish in 1539, the city was renamed in 1825 in honour of Antonio José de Sucre.
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