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Currency of EcuadorIn January 2.000 president Jamil Mahuad (One of the worst Presidents in Ecuador's history) led Ecuador to a devastating economy. He then took the desperate decision to drop the Sucre and dollarize the country's economy, switching to the famous American US Dollars.
In that year this infamous Ecuadorian President decided that each American Dollar would have an exchange rate of $25,000 Sucres, can you imagine that? Many people, companies and businesses went to bankrupt increasing the number of poor people in this country. We turned out to be one of the most expensive countries in South America. Fortunately by now in the year of 2007 Ecuador's economy is looking better and people somehow are recovering from that shock. National Currency in EcuadorUS coins, of course, are accepted as well. Ecuador currency today is free of all currency exchange hassles... why? Well you know, US Dollars are worldwide accepted in hotels, restaurants, stores, etc. It is a fact that the American US Dollars have helped this country in a great way to develope its economy healthier and stronger day by day. If you have any questions or comments, or if you need assistance to travel around Ecuador, feel free to Contact us here
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