Title: 29 Ecuador Currency Facts: USD, Handling Your Money, Sacagawea Coin, History - Storyteller Travel
Headings: 29 Ecuador Currency Facts: USD, Handling Your Money, Sacagawea Coin, History
29 Ecuador Currency Facts: USD, Handling Your Money, Sacagawea Coin, History
Table of Contents
29 Facts about Ecuador Currency Facts
1. What is the money in Ecuador called?
2. Why do they use the US dollar in Ecuador?
3. When and why was the currency of Ecuador changed to United States dollars?
4. Which countries use the US dollar as their currency?
How to Handle Your Money
5. Is Ecuador a cash economy?
6. What currency notes are commonly accepted?
7. Is Ecuador a rich country?
8. What is the main source of income in Ecuador?
9. What does Ecuador export more than any country in the world?
10. What is the average minimum wage in Ecuador?
11. What coins and banknotes does Ecuador issue?
12. What do Ecuadorian coins look like?
13. Counterfeit Money in Ecuador
Sacagawea Coin
14. How many Sacagawea coins were minted?
15. Who minted Sacagawea coins?
16. Where are Sacagawea dollar coins being used?
17. Are Sacagawea coins rare?
18. How much is a Sacagawea coin worth?
19. Do they still make $1 Sacagawea coin?
20. Are Sacagawea coins gold?
21. Who was Sacagawea?
History of Currency in Ecuador
22. Peso (1830-1850)
23. Peso fuerte (1846-1856)
24. Franco (1856-1871)
25. Peso, Again (1871-1884)
26. Sucre (1884-2000)
Tipping in Ecuador
27. Tipping Taxi Drivers
28. Tipping in Restaurants
29. Tipping in Hotels
Conclusion
Ecuador’s Currency
Banking Machines in Ecuador
What you might want to check with your bank about:
Ecuador’s Main Banks are:
Bryan Haines
Laurence
Pat Gohil
chris
Bryan Haines
Kenneth Bitout
Bryan Haines
jim roberts

Content: Since 1884, high inflation had consistently depreciated the country’s former currency, the sucre, over the next century so that by 1999, the bottom fell out and caused Ecuadorian banks to go bankrupt. By this time, Ecuador’s sucre had depreciated to an all-time low of 25,000 sucres for a single US dollar. In hopes of saving the country’s economy, President Jamil Mahuad announced in 1999 that Ecuador would adopt the US dollar currency. Since then, the country’s economy has improved with Ecuadorian banks recovering and attracting investors. 4. Which countries use the US dollar as their currency? 13 countries and territories use the US dollar as their official currency. United States of America
Commonwealth of Puerto Rico (Unincorporated territory of the U.S.)
Ecuador
Republic of El Salvador
Republic of Zimbabwe
Guam
The Virgin Islands of the United States
Democratic Republic of Timor-Leste
American Samoa (Unincorporated territory of the U.S.)
Commonwealth of the Northern Mariana Islands (Unincorporated territory of the U.S.)
Federated States of Micronesia
Republic of Palau
Marshall Islands
How to Handle Your Money
5. Is Ecuador a cash economy? Yes, in Ecuador, “cash is king.”