Tag: finance

MONEY! Currency in Ecuador

The quick read; since 2001, Ecuador has used the U.S. dollar. Why? Read on … The sucre lost 67% of its foreign exchange value during 1999, then in one week nosedived 17%, ending at 25,000/US$1 on January 7, 2000. On January 9, President Jamil Mahuad announced that the US dollar would be adopted as Ecuador’s

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