EconomicEcuador·Unpinned13 Oct 2026
Rafael Correa's Efforts to End Dollarization in Ecuador
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Following a 1999 economic collapse where the sucre lost two-thirds of its value, President Jamil Mahuad adopted the U.S. dollar as Ecuador's currency in 2000, a move supported by U.S. officials that stabilized inflation and spurred economic growth. President Rafael Correa, an economist who publicly opposed dollarization as "monetary suicide," served from…
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Fortune
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