By: Lourdes chang.3 de agosto de 2011, 11:12Caracas, Aug 3 (Prensa Latina) President Hugo Chavez called Wednesday for an end to the dictatorship of the U.S. dollar by using instruments such as the Sucre, a virtual currency promoted by the Bolivarian Alliance for the Peoples of our America (ALBA).">By: Lourdes chang.3 de agosto de 2011, 11:12Caracas, Aug 3 (Prensa Latina) President Hugo Chavez called Wednesday for an end to the dictatorship of the U.S. dollar by using instruments such as the Sucre, a virtual currency promoted by the Bolivarian Alliance for the Peoples of our America (ALBA).">

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Chavez Calls for Ending Dictatorship of the Dollar

By: Lourdes chang.3 de agosto de 2011, 11:12Caracas, Aug 3 (Prensa Latina) President Hugo Chavez called Wednesday for an end to the dictatorship of the U.S. dollar by using instruments such as the Sucre, a virtual currency promoted by the Bolivarian Alliance for the Peoples of our America (ALBA).

Quoting recent statements by Russian Prime Minister Vladimir Putin, who described the U.S. economy as a parasite, Chavez said it was necessary to boost the ALBA regional compensation system, which has been used in transactions by Cuba, Venezuela, Bolivia and Ecuador.

Chavez highlighted Caracas' efforts to achieve financial sovereignty.

The president also said he was delighted with the statements of Colombian Defense Minister Rodrigo Rivera, who dismissed the idea that Venezuela is harboring members of Colombian guerrilla forces.

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