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Peso = 8 Reales (silver) Onza = 8 Escudos = 16 Pesos (diamonds) Quito was part of Gran Colombia until 1830 as Departamento del Sur. Gran Colombia's monetary regulations retained the old Spanish colonial system, with both milled and hammered coin circulating. Gold and silver were minted at Popayán and Bogotá, copper at Caracas.
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 ...
Greater Mexico City is the largest metropolitan area in Mexico and the area with the highest population density. According to the 2020 Population Census , 21,804,515 persons lived in this metropolitan area, of which 9,209,944 live in Mexico City proper. [ 5 ]
Quito (Spanish pronunciation: [ˈkito] ⓘ; Quechua: Kitu), officially San Francisco de Quito, is the capital of Ecuador, with an estimated population of 2.8 million in its metropolitan area. It is also the capital of the province of Pichincha. Quito is located in a valley on the eastern slopes of Pichincha, [4] an active stratovolcano in the ...
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]
A commonly used currency in the Americas is the United States dollar. [1] It is the world's largest reserve currency, [2] the resulting economic value of which benefits the U.S. at over $100 billion annually. [3] However, its position as a reserve currency damages American exporters because this increases the value of the United States dollar.
Ecuador has a population of about 1,120,000 descendants from African people. The Afro-Ecuadorian culture is found primarily in the country's northwest coastal region. Africans form a majority (70%) in the province of Esmeraldas and also have an important concentration in the Valle del Chota in the Imbabura Province .
The Latin American economy is an export-based economy consisting of individual countries in the geographical regions of North America, Central America, South America, and the Caribbean. The socioeconomic patterns of what is now called Latin America were set in the colonial era when the region was controlled by the Spanish and Portuguese empires.