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Ecuador Uses The U.S. Dollar As Its Currency

“Kathleen, while the $ symbol is used for the currency system in Ecuador, it is not the same as the U.S. dollar, as you continue to suggest.”

–Anne S., United States

In fact, it is. That is, Ecuador not only uses the “$” symbol to represent its currency…it uses the U.S. dollar as its currency. The U.S. dollar is the currency of Ecuador.

This can be a plus for retirees with U.S. dollar-denominated retirement nest eggs and income, as they don’t have to worry about losing out on any currency exchange.

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