Ecuador: Currency and Markets Essay by Master Researcher

Ecuador: Currency and Markets
How Ecaudor managed to switch currencies to the US dollar.
# 43129 | 1,650 words | 5 sources | 2002 | US
Published on Oct 20, 2003 in Economics (International) , Latin-American Studies (General)


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Description:

This seven-page paper studies the currency status of Ecuador that switched to U.S. dollar as its legal tender in January 2000. the dollarization of its currency has posed some problems for this economically fragile state but with new oil reserves and important pacts with multinationals for oil exploration, Ecuador appears to have stabilized its economy to some extent though it still has to go a long way to achieve complete prosperity and economic stability.

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APA Format

Ecuador: Currency and Markets (2003, October 20) Retrieved November 29, 2022, from https://www.academon.com/essay/ecuador-currency-and-markets-43129/

MLA Format

"Ecuador: Currency and Markets" 20 October 2003. Web. 29 November. 2022. <https://www.academon.com/essay/ecuador-currency-and-markets-43129/>

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