The industry is concerned about the currency that is defined by reference to trade with Venezuela through the Unitary System for Compensation of Regional Payments (known as SUCRE).
The Superior Council of Private Enterprise (COSEP), warned that if Albalinisa, which concentrates all exports
to Venezuela, decides to use the cordoba in parity with the the sucre, there would be an economic loss because of the need to change from dollars to cordobas.
The entity considers that the parity currency should be the dollar, and that while "the Central Bank of Nicaragua
(BCN) ensures that there is free convertibility of the currency and the use of the sucre is optional, in the case of trade with Venezuela, Albalinisa dominates", published laprensa.com.ni.
Currently the Committee on Production, Economics and Budget of the National Assembly is conducting a consultation process with employers and government officials to assess the possible adoption of the mechanism, Nicaragua being the only member of Alba who has not yet done so.