[1] International trade between member states in SUCRE reached its maximum in 2012 with 2,646 transactions worth almost 1,066 million US dollars.
[citation needed] 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,[3] although none of them had agreed to the treaty establishing the SUCRE and the regional payments clearinghouse.
The formal treaty[4] establishing the regional payments clearinghouse was signed by the six Latin American presidents in Cochabamba, Bolivia, on October 17, 2009.
ISO 4217 Standard definition:In 2013 Uruguay joined the currency.
[6] In 2018, the government of Venezuela proposed using the Petro, instead, for trade within ALBA.