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Jun 2, 2020

[Answer] What is the official currency of Ecuador?

Step 1 : Introduction to the question "What is the official currency of Ecuador?"



...The economy of Ecuador is heavily dependent on agriculture. Other countries have let remittance from abroad become a large component of Ecuador's banking sector. The country's banking industry dates back to the 1800s but the economy of Ecuador was never monetized or standardized. Coins from other countries, as well as silver and gold coins, came into the country and into common use through successive currency laws. Currently, the official currency of Ecuador is the U.S. dollar. But its use is not exclusive. The currencies of other countries, some in use since 1822, are still actively used in Ecuador today. Source: WorldAtlas.com




Step 2 : Answer to the question "What is the official currency of Ecuador?"



U.S. dollar:


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