Nicaragua is currently a member of the Bolivarian Alliance for the Americas, which is also known as ALBA. ALBA has proposed creating a new currency, the Sucre, for use among its members. In essence, this means that the Nicaraguan córdoba will be replaced with the Sucre. Other nations that will follow a similar pattern include: Venezuela, Ecuador, Bolivia, Honduras, Cuba, Saint Vincent and the Grenadines, Dominica and Antigua and Barbuda.