Search results
Results from the WOW.Com Content Network
The sucre lost 67% of its foreign exchange value during 1999; its value nosedived an additional 17% over the course of one week, ending at 25,000 sucre per USD on 7 January 2000. On 9 January, President Jamil Mahuad announced that the US dollar was to be adopted as Ecuador's official currency, although the US dollar had already had wide ...
The sucre's IMF par was devalued to 15 per dollar in 1950, to 18 per in 1961, and to 25 per in 1970. The sucre maintained a fairly stable exchange rate against the US dollar until 1983, when it was devalued to 42 per dollar and a crawling peg was adopted. Depreciation gained momentum and the free market rate was over 800 per dollar by 1990 and ...
Description. Ecuadorian centavos bear the numeric value along with the value spelled out in Spanish, and the legend of the Banco Central del Ecuador; the reverse is printed with the portrait and name of a notable Ecuadorian, the legend "República del Ecuador" and the country's coat of arms. The exception is the one-cent coin, which rather than ...
www.bce.fin.ec. 1 Previously Ecuadorian sucre (ECS) until March 2000. The Central Bank of Ecuador (Spanish: Banco Central del Ecuador; BCE) is the central bank of the country, and an institution of the Executive Function, which has institutional, administrative, financial, and technical autonomy. It is in charge of executing the monetary policy ...
Ecuador. Sucre until 2000, replaced by the US dollar and Ecuadorian centavo coins. Ecuador, [a] officially the Republic of Ecuador, [b] is a country in northwestern South America, bordered by Colombia on the north, Peru on the east and south, and the Pacific Ocean on the west. It also includes the Galápagos Islands in the Pacific, about 1,000 ...
An austerity program including the devaluation of the sucre proved unpopular domestically but allowed Ecuador to negotiate debt repayment with the International Monetary Fund and receive financial aid. By 1984 the economy had largely recovered, so Ecuador withdrew from the OPEC in order to increase oil revenue. A drop in international oil ...
Ecuador's economy is the eighth largest in Latin America and experienced an average growth of 4.6% per year between 2000 and 2006. [ 71 ] In January 2009, the Central Bank of Ecuador (BCE) put the 2010 growth forecast at 6.88%. [ 72 ] GDP doubled between 1999 and 2007, reaching 65,490 million dollars according to BCE. [ 73 ]
The US dollar is an official currency in Zimbabwe, along with the euro, sterling, the pula, the rand, and several other currencies. A series of Zimbabwean Bond Coins was put into circulation on 18 December 2014 in 1, 5, 10, and 25 cent denominations, and afterwards 50 cent and 1 dollar bonds coins, which are pegged at the same rate as American ...