Leaders from Latin America and the Caribbean have agreed during a summit in Bolivia to create a regional currency to make Latin America less dependent on the dollar. Leaders from Venezuela, Bolivia, Nicaragua, Cuba and other nations met at the two-day Bolivarian Alternative for the Americas summit in Cochabamba. The new currency will be known as the sucre. Meanwhile, Latin American leaders, including Venezuelan President Hugo Chavez, voiced their support for ousted Honduran President Manuel Zelaya.

Hugo Chavez: “If that coup government doesn’t hand over power and tries to call elections to wash its hand of it, under no circumstances will we recognize the government that emerges from elections directed by a coup. ALBA must find more severe measures against the coup.”