20 years of the announcement of the dollarization in Ecuador by the then president Jamil Mahuad. In the midst of a tough economic crisis that overwhelmed the country, the national currency, the sucre, was rapidly devalued. In an interview with CNN as the only international medium, Mahuad now tells how his Government made this decision and why. Despite the political cost that led to its overthrow, the ex-president believes that dollarization has managed to sustain the economy. READ: Five keys to understanding instability in Latin America
Why did Mahuad dollarize Ecuador 20 years ago?
1/9/2020, 2:32:35 PM
20 years of the announcement of the dollarization in Ecuador by the then president Jamil Mahuad. In the midst of a tough economic crisis that overwhelmed the country, the national currency, the sucre ...