news Borja defends Ecuador's use of US dollar; Ecuador English News Blog Top Searches: • why does ecuador use the dollar • ecuador dollar to usd • dr borja ecuador •
Diego Borja, Ecuador's Economic Policy Minister, defended the country's use of the dollar last February 17 after critics blamed the country's continuous use of dollar as the reason for its limited crediting power.
Borja said that they are going to continue defending the "dollarization" of the economy because, according to him, the sectors with the lowest incomes will be terribly hit.
It can be remembered that Ecuador used the dollar as its main currency in 2000 to curb the inflation after the sucre tumbled 73 percent against the dollar.
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