Dollarization

Dollarization is...

• changing currency to dollars

• changing currency to yens

• changing currency to euros

Ecuador went through this process

• True

• False

Sucre was the currency of Ecuador

• True

• False

Sucre IS STILL the currency of Ecuador

• True

• False

The value of the Sucre fell drastically

• True

• False

The Sucre lost its value in 2000

• True

• False

Ecuadorians first started adopting dollars informally

• True

• False

People used dollars to avoid losing their purchasing power.

• True

• False

We changed to dollars in order to halt or stop hyperinflation.

• True

• False

Do you think it was a good decision? the dollarization

• Yes

• No