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New Currency of Ecuador

01/16/09 17:51

Hoy - Quinto based newspaper recently reported that the central bank is drafting a new bill that would introduce a new currency in three years that would be used alongside of the U.S. dollar. Diego Borja, Economy Minister denies the existence of such draft and even called the report "imprecise and absurd". He also said that they're making measure to defend dollarization but not considering making a new currency

News: Bloomberg.com: Latin America

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