Mercados, recursos, industria.
Ecuador has used the United States dollar as its sole official currency since 2000, when a severe banking and economic crisis, marked by a sharp collapse in the value of the national currency, the sucre, and inflation above 50 percent, prompted President Jamil Mahuad to announce dollarization in January of that year. The transition, completed […]
The Dominican Republic’s national currency is the Dominican peso (DOP), issued and regulated by the Central Bank of the Dominican Republic (Banco Central de la República Dominicana, or BCRD). Established in 1947 under the country’s Monetary and Banking Law, the BCRD replaced an earlier arrangement in which the US dollar had circulated at parity with […]
Dominica’s official currency is the Eastern Caribbean dollar (EC$), which it has used since 1965 as one of eight territories in the Eastern Caribbean Currency Union. The currency is issued and managed jointly with the island’s regional partners rather than by a national central bank of Dominica’s own. Monetary policy and currency issuance fall to […]
Cuba’s sole legal currency is the Cuban peso (CUP), a status in place since January 1, 2021, when the government carried out a long-planned currency unification known as the Tarea Ordenamiento. The reform eliminated the convertible peso (CUC), a second currency that had circulated alongside the CUP since 1994 and created a confusing structure of […]
Costa Rica’s currency is the Costa Rican colón, introduced in 1896 to replace the peso at par and named for Christopher Columbus. Issuance passed from a mix of private and government note issuers in the nineteenth and early twentieth centuries to the National Bank in 1937, and then to the Banco Central de Costa Rica, […]
