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Currency of Ecuador

The last currency of Ecuador was the Sucre, it was our coin for more than one hundred years.

In 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.

Find the Cheapest Airline Tickets to Ecuador here

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 2009 Ecuador's economy is looking better and people somehow are recovering from that shock.

National Currency in Ecuador

Today's currency of Ecuador is the "US Dollar". Ecuador has local coins for 1, 5, 10, 25 and 50 cents, which are equivalent to the American coins; however, these are only accepted in Ecuador.

US 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. And they are accepted in the Galapagos Islands as well.

And to say the truth, it is a fact that the American US Dollars have helped this country in a great way to develop its economy healthier and stronger day by day.

Ecuador is one of the most beautiful and diverse countries of South America. When you visit this country make sure you go through the exciting and wild Rain forest of Ecuador.

Explore one of the world's most diverse ecosystems with its fascinating wildlife and stunning scenery. See Our Recommended Amazon Jungle Tours

Ecuador Recommended Reading

Footprint Ecuador and Galapagos
From the Galapagos Islands that inspired the theory of evolution, to a valley where people live forever, from the center of the earth to the Avenue of the Volcanoes, Ecuador excites and amazes at every turn. This highly acclaimed guide is essential for all free-spirited travelers. (One of the best books I ever read about Ecuador)

Ecuador: Climbing and Hiking Guide
This book provides information on the difficulty of the hike or climb, access, equipment recommendations and hiking directions. It is organized according to the geographic areas of Ecuador and now includes very useful hiking and climbing matrices that will help you plan your trip. (It is a detailed, accurate and very comprehensive guide)

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If you have any questions about the currency of Ecuador, or if you need assistance to plan your trip around Ecuador and discover its wonders, and if you'd like to know more about our recommended Galapagos Island Tours to explore this Archipelago, You can Contact us here

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