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Ecuador: Six Years of U.S. Dollars

Writing on the six year anniversary of Ecuador's “dollarization,” A.M. Mora y Leon lays out the benefits of adopting U.S. currency including lower interest rates and stronger banks. Boz, however, responds in a comment that “dollarization moves the country out of rhythm with its neighbors” and that it “made Ecuador and El Salvador hubs for international money laundering.” Meanwhile, Justin Delacour links to an AP story about a protest in Quito against a free trade pact with the U.S., Colombia, and Peru.

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