Money

Ecuador utilizes the United States dollar as its currency, which may surprise you. This occurred in the year 2000, when the "sucre," their own currency, plummeted due to a financial crisis. The local community began to use dollars, and the government soon recognized the dollar as the official currency.

Ecuador uses the US dollar as its national currency, which is one of the Things About Ecuador You Should Know. It has numerous benefits. It is self-evident if you are from the United States. You don't have to be concerned about currency exchange. However, due to the exchange rate, everything in Ecuador is slightly more expensive than in surrounding countries. Ecuador's previous currency was so volatile back then that practically everyone preferred to use dollars, which gave much-needed stability. As a result, it was considerably easier to officially adopt this money. No one will have change if you pay at a local market with a brand new and sparkly $20 you just got from an ATM.