Dollarization and Ecuador’s Sucre
On January 9, 2000, the president of Ecuador proposed official dollarization as a way to halt the rapid depreciation of the country’s currency (the sucre), prevent hyperinflation, and establish economic stability.
Suggested citation: "Dollarization and Ecuador's Sucre," Federal Reserve Bank of Cleveland, Economic Trends, no. 00-03, pp. 19, 03.01.2000.