{"id":8295,"date":"2020-08-06T04:30:08","date_gmt":"2020-08-06T08:30:08","guid":{"rendered":"https:\/\/palmarvoyages.com\/en\/?p=8295"},"modified":"2020-08-17T04:33:17","modified_gmt":"2020-08-17T08:33:17","slug":"what-currency-used-in-ecuador","status":"publish","type":"post","link":"https:\/\/palmarvoyages.com\/en\/what-currency-used-in-ecuador\/","title":{"rendered":"Do you know what currency is used in Ecuador?"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"8295\" class=\"elementor elementor-8295\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8445e10 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8445e10\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3a05c83\" data-id=\"3a05c83\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7efc3f8 elementor-widget elementor-widget-text-editor\" data-id=\"7efc3f8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h1><span style=\"font-weight: 400;\">Do you know what currency is used in Ecuador?\u00a0<\/span><\/h1><h2><span style=\"color: #000080;\">It has already been 20 years since Ecuador swapped its national currency, the \u201cSucre\u201d for the US Dollar. But why did it change its currency? Let\u2019s discover together in this article some tips and tricks for your trip as well as the reason why Ecuador adopted the United States Dollar (USD).<\/span><\/h2><p><img fetchpriority=\"high\" decoding=\"async\" class=\" wp-image-8298 alignright\" src=\"https:\/\/palmarvoyages.com\/en\/wp-content\/uploads\/2020\/08\/Sucre-monnaie-Equateur-300x258.jpg\" alt=\"sucre currency ecuador \" width=\"324\" height=\"279\" srcset=\"https:\/\/palmarvoyages.com\/en\/wp-content\/uploads\/2020\/08\/Sucre-monnaie-Equateur-300x258.jpg 300w, https:\/\/palmarvoyages.com\/en\/wp-content\/uploads\/2020\/08\/Sucre-monnaie-Equateur-1024x881.jpg 1024w, https:\/\/palmarvoyages.com\/en\/wp-content\/uploads\/2020\/08\/Sucre-monnaie-Equateur-768x661.jpg 768w, https:\/\/palmarvoyages.com\/en\/wp-content\/uploads\/2020\/08\/Sucre-monnaie-Equateur-1536x1321.jpg 1536w, https:\/\/palmarvoyages.com\/en\/wp-content\/uploads\/2020\/08\/Sucre-monnaie-Equateur.jpg 1680w\" sizes=\"(max-width: 324px) 100vw, 324px\" \/><\/p><h3>\u00a0<\/h3><h3><span style=\"text-decoration: underline;\"><span style=\"color: #000000;\"><strong>A bit of history about the currency in Ecuador<\/strong><\/span><\/span><\/h3><p><span style=\"font-weight: 400; color: #000000;\">Until 2000, the Ecuadorian currency was the <strong>Sucre<\/strong>. It owed its name to the General Sucre who was one of the liberators of the country in the 19th century. This currency was used from <strong>1884<\/strong> but collapsed in 1999 due to a serious <strong><a style=\"color: #000000;\" href=\"https:\/\/www.letemps.ch\/opinions\/lequateur-choisi-dadopter-dollar-americain#:~:text=Au%20sein%20des%20Am%C3%A9riques%2C%20l,de%20toutes%20les%20transactions%20financi%C3%A8res.&amp;text=Le%20gouvernement%20%C3%A9quatorien%20a%20d%C3%A9cid%C3%A9,son%20%C3%A9conomie%20en%20janvier%202000.\">economic crisis<\/a><\/strong>.\u00a0<\/span><\/p><h3>\u00a0<\/h3><h3><span style=\"text-decoration: underline;\"><span style=\"color: #000000;\"><strong>Reasons for the adoption of the USD<\/strong><\/span><\/span><\/h3><p><span style=\"font-weight: 400; color: #000000;\">In order to create a <strong>free trade area of Americas<\/strong> and thus facilitate the flow of capital, goods and services between the borders of the continent, the use of a single currency had been suggested. After the <strong>collapse<\/strong> of the Ecuadorian currency in the end of 1990s, the government decided to adopt the <strong>US dollar<\/strong> in order to boosts its economy.\u00a0<\/span><\/p><h3>\u00a0<\/h3><h3><span style=\"text-decoration: underline;\"><span style=\"color: #000000;\"><span style=\"text-decoration: underline;\"><span style=\"color: #000000;\"><strong>But what about the tourism?<\/strong><\/span><\/span><\/span><\/span><span style=\"color: #000000;\"><span style=\"color: #000000;\"><strong>\u00a0<\/strong><\/span><\/span><span style=\"text-decoration: underline;\"><span style=\"color: #000000;\"><strong><img decoding=\"async\" class=\" wp-image-8299 alignright\" src=\"https:\/\/palmarvoyages.com\/en\/wp-content\/uploads\/2020\/08\/la-ronda-quito-201x300.jpg\" alt=\"currency Ecuador \" width=\"334\" height=\"499\" srcset=\"https:\/\/palmarvoyages.com\/en\/wp-content\/uploads\/2020\/08\/la-ronda-quito-201x300.jpg 201w, https:\/\/palmarvoyages.com\/en\/wp-content\/uploads\/2020\/08\/la-ronda-quito-686x1024.jpg 686w, https:\/\/palmarvoyages.com\/en\/wp-content\/uploads\/2020\/08\/la-ronda-quito-768x1146.jpg 768w, https:\/\/palmarvoyages.com\/en\/wp-content\/uploads\/2020\/08\/la-ronda-quito.jpg 1000w\" sizes=\"(max-width: 334px) 100vw, 334px\" \/><\/strong><\/span><\/span><\/h3><p><span style=\"color: #000000;\"><span style=\"font-weight: 400;\">With the emergence of the dollar, the country\u2019s economy <strong>stabilized<\/strong>, thus avoiding a constant increase in prices. During your <strong>trip<\/strong> to Ecuador, you will have to pay mostly in <strong>cash<\/strong>. However, it is better to use <strong>5, 10 or 20 USD bills<\/strong> and especially to have change as large bills are more difficult to sell because of people fearing that they may be fake. <\/span><span style=\"font-weight: 400;\"><br \/><\/span><span style=\"font-weight: 400;\">Of course you can also use <strong>credit cards<\/strong>. However be aware that in Ecuador, banks take a <strong>commission<\/strong> of about 6% in addition to VAT when you withdraw money. <\/span><span style=\"font-weight: 400;\"><br \/><\/span><span style=\"font-weight: 400;\">It is therefore best to arrive in Ecuador with you US dollars as the rates at exchange offices are often not at all advantageous.\u00a0<\/span><\/span><\/p><h2><span style=\"color: #000080;\">You want to travel in Latin America and discover all the wonders of Ecuador, but you still have unanswered questions? Please, feel free to <a href=\"https:\/\/palmarvoyages.com\/en\/contact\/\">contact our advisers now<\/a> so that they can provide you with a personalized accompaniment for your future trip! <\/span><\/h2><h2><span style=\"color: #000080;\">We look forward to hearing from you.<\/span><\/h2>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Do you know what currency is used in Ecuador?&nbsp; It has already been 20 years since Ecuador swapped its national currency, the \u201cSucre\u201d for the US Dollar. But why did it change its currency? Let\u2019s discover together in this article some tips and tricks for your trip as well as the reason why Ecuador adopted [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":8302,"comment_status":"open","ping_status":"closed","sticky":false,"template":"elementor_header_footer","format":"standard","meta":{"footnotes":""},"categories":[18,20],"tags":[1596,1634,1601,1618,1619,1603,1632,1604,1605,1633,1606,1607,1609,1610,1611,1612,1613,2000,1987,2001,1988],"class_list":["post-8295","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-destinations","category-travel-tips","tag-andes","tag-ecuador","tag-english","tag-galapagosislands-2","tag-guayaquil","tag-latinamerica","tag-localtourism","tag-quito","tag-southamerica","tag-sustainabletourism","tag-tourismamerica","tag-tourismeecuador","tag-tourismsouthamerica","tag-tripamerica","tag-tripecuador","tag-tripssouthamerica","tag-uio","tag-currency","tag-dollar","tag-sucre","tag-usd"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.6.1 (Yoast SEO v27.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Do you know what currency is used in Ecuador? | Palmar Voyages<\/title>\n<meta name=\"description\" content=\"Ecuador swapped its national currency, the \u201cSucre\u201d for the US Dollar. 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