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Ecuadoran President Mahuad Adopts Dollar as Local Currency

LADB Article ID: 54030
Category/Department: Ecuador
Date: 2000-01-14
By: LADB Staff

In a deepening political and economic crisis in Ecuador, with protesters demanding his resignation, beleaguered President Jamil Mahuad adopted the US dollar as the national currency, prompting the resignation of the Cabinet. Protests continued, however, as did calls for Mahuad to step down.

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