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Will Ecuador drop the US dollar?




I’ve heard rumors that Ecuador will drop the US Dollar, is this true?

In: Ecuador Living Asked By: [879 Orange Star Level]
Answer #1

Many ask about this, but I don’t see this happening in the foreseeable future, even the president of Ecuador once joked, that the only thing more popular than him in Ecuador is the US dollar.

Answers Answered By: admin [879 Orange Star Level]
Answer #2

Totally agree with Dom….many factors to consider if Ecuador decides to change their economy from dollar based to a different currency. The president is an economist and the dollar is popular as Dom points out. The president also is looking at re-election and doing more for the country…economic turmoil would not be a good thing for his plans, either personal or business wise for his country. This is my personal opinion.


Answers Answered By: LarryP [848 Orange Star Level]

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