Sucre (Spanish pronunciation:[ˈsukɾe]), also known historically as Charcas[ˈtʃarkas], La Plata[la ˈplata] and Chuquisaca[tʃikiˈsaka] (population 247,300 in 2006), is the constitutional capital of Bolivia, the capital of the Chuquisaca Department, and the 6th most populated city in Bolivia. Located in the south-central part of the country, Sucre lies at an elevation of 2,810 meters (9,214 feet). This relatively high altitude gives the city a cool temperate climate year-round.
The SUCRE was first used as a virtual currency in 2010 in two transactions between Ecuador and Venezuela. International trade between member states in SUCRE exceeded $850 million in 2013.
The plan for the introduction of the SUCRE, initially as a virtual currency, parallels the European Union's introduction of the euro in 1999, which was preceded by the European Currency Unit in 1979. The SUCRE is the unit of account for all transactions in a clearinghouse. Its value derives from a basket of currencies from the member countries, weighted according to the relative size of the economies.