Ecuador’s Correa:To Push OPEC To Switch To Stronger Currency

QUITO (Dow Jones)–Ecuador will continue defending a proposal that the Organization of Petroleum Exporting Countries should uses a stronger currency than the U.S. dollar for its transactions, President Rafael Correa said Wednesday.

“This is an Ecuadorian thesis. Venezuela, Iran and other countries had supported it and we will defend our proposal,” Correa said at a press conference after returning from a trip to Saudi to Arabia, China and Indonesia.


Correa also said that in the future he hopes to organize a common group, with countries like Bolivia and Argentina, against the World Bank’s International Center for Settlement of Investment Disputes. (ICSID)

He said that Ecuador has “already had enough of being subjected to international bodies that try to work against our sovereignty.”

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