This seven-page paper studies the currency status of Ecuador that switched to U.S. dollar as its legal tender in January 2000. the dollarization of its currency has posed some problems for this economically fragile state but with new oil reserves and important pacts with multinationals for oil exploration, Ecuador appears to have stabilized its economy to some extent though it still has to go a long way to achieve complete prosperity and economic stability. 7 pgs. bibliography lists 5 sources.
