Bolivia summit adopts new currency

Leaders from Latin America and the Caribbean have agreed during a summit in Bolivia on creation of a regional currency aimed at reducing the use of the US dollar. The decision came shortly after members of the Bolivarian Alternative for the Americas (ALBA) gathered in the central city of Cochabamba for the start of the two-day summit, the AFP news agency reported. Top on the agenda for the left-leaning regional trade group, which includes Venezuela, Ecuador and Nicaragua, were talks to implement the new currency, known as the sucre, for use among ALBA nations. "The document is approved," Evo Morales, Bolivia's president and summit host, said on Friday.