Any move to dollarize Argentina could see the nation get stuck in an Ecuador-like economic morass, one economist said. "Some in Argentina romanticize Ecuador's dollarization. Reality is different," ...

Ecuador President Rafael Correa, a critic of his nation’s use of the U.S. dollar as its official currency, is now creating a government-backed digital tender. One of the intellectual architects of the ...

The U.S. dollar is widely accepted around the globe. In fact, these particular countries use the dollar as their official currency.

Ecuador’s president, Rafael Correa, is a step closer to dropping dollarization, according to analysts. "It’s definitely realistic that Correa will start looking at ways to get rid of dollarization," ...

In 2018, Venezuela's dictator, Nicolás Maduro, got rid of many of Hugo Chávez's currency and price controls, which were largely responsible for massive food shortages and 2,000 percent annual ...

Argentina's dollar scarcity shouldn't stop it from dollarizing, Francisco Zalles told Bloomberg. The economist previously helped Ecuador dollarize in 2000. "For Milei's plan to work, he needs nothing, ...

QUITO/HARARE/BUENOS AIRES, Nov 23 (Reuters) - From Zimbabwe's capital Harare to Quito in Ecuador, green bills circulating on the streets and in shops with images of U.S. presidents reflect a big ...

Blog posts represent the views of CFR fellows and staff and not those of CFR, which takes no institutional positions. The world has too many currencies. The dollar is too good a currency not to be ...

WHEN GUSTAVO NOBOA took over the presidency from coup leader Lucio Gutierrez at the beginning of 2000, he proved an adept captain of the good ship Ecuador. Despite the ramshackle nature of his vessel, ...

Ecuador’s Economic Policy Minister Katiuska King said the South American nation’s use of the U.S. dollar as its official currency makes the economy “vulnerable” to international economic crises.