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16 Οκτ 2023 · Ecuador uses the US dollar as its official currency. In this post, you’ll learn about Ecuador’s currency including pesos, francos, Sacagawea coins, and the dollarization in 2000. Plus, we cover how to handle your money in Ecuador, how to avoid counterfeit bills, tipping, and ATMs.
This article provides a historical summary of the currency used in Ecuador. The present currency of Ecuador is the United States dollar.
19 Φεβ 2024 · Ecuador uses the United States dollar as its official currency, making it easy for American tourists and residents to shop, eat, and travel. This has been the case since the year 2000, when Ecuador decided to abandon its former currency, the sucre, due to high inflation rates.
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Peso was the name of the 8 real coins circulating in Ecuador since the Spanish colonial period. In 1856, the currency was pegged to the French franc, with 1 peso = 5 francs. From 1862, paper money was issued denominated in reales and pesos.
Ecuadorian Real. The real was the currency of Ecuador until 1871. There were no subdivisions but 16 silver reales equalled 1 gold escudo, with the 8 reales coin known as a peso.
30 Οκτ 2023 · In this article, we will delve into the details of Ecuador’s national currency, which is none other than the United States Dollar. We will explore the historical context, reasons behind this unique choice, its impact on the economy, and the pros and cons of dollarization.
