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devaluation, Dollarization, Ecuador
Inflation & Deflation, Money & Politics, News

Dollarization is Hurting Ecuador? Don’t Believe It

Larry White/December 2, 2015June 19, 2022

In the late 1990s, as the Banco Central de Ecuador rapidly expanded the quantity of its currency the sucre, prices denominated in sucres soared into hyperinflation.  Ecuadorians in response spontaneously adopted the US dollar as a far safer savings vehicle, a far less chaotic pricing unit, and…

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