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Economy & Business - December 2020

ECUADOR: Dollarisation comes under scrutiny

Differing stances on dollarisation have made this issue into a significant point of contention ahead of Ecuador’s February 2021 general election. In particular, debate has centred on the question of how dollarisation has influenced the country’s response to the current economic crisis, with critics contending that it reduces resilience in the face of external shocks and can undermine export competitiveness.

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