Assembly Begins SUCRE Exit Process With 20-Day Report Window

Ecuador's legislature has opened the process for leaving the SUCRE regional payment-compensation treaty.

Primicias reports that the Assembly's Comision de Relaciones Internacionales, chaired by Lucia Jaramillo of Accion Democratica Nacional (ADN), took up President Daniel Noboa's notice on May 27, 2026.

The presidential office had been sent on May 21, 2026.

Legislative Path

Primicias reports that the committee must prepare a report for the Assembly plenary debate and vote.

Treaty Context

Jaramillo said the system was constituted in 2009 by Bolivia, Ecuador, Nicaragua and Venezuela, with Cuba participating, as a regional payment-compensation system designed to face the dollar.

According to Primicias, Jaramillo said the system has not been used at all since 2019 and currently has zero exchange through the SUCRE compensation system.

The article also reports that Bertha Velez of Revolucion Ciudadana, a member of the committee, recognized that the SUCRE exchange and compensation mechanism has not worked for seven years.

Velez said her bloc would request an official criterion from the Banco Central del Ecuador (BCE) on the impact the system had on Ecuador's economy while it was in force.

What To Watch

• Whether the committee report is completed within the 20-day window.
• BCE's assessment if formally requested by Revolucion Ciudadana.
• Whether the government secures the 77 votes needed in plenary.
• Any accounting or trade-settlement disclosures tied to the system's reported zero use since 2019.

Source: Primicias