Ecuador’s Economy

These are Scures.

       The economy of Ecuador has been going down hill for a long time. There is practically no middle class, the people are either poor or wealthy.  

        The original money they used in Ecuador is called a Scures. The value of the Scures went to an all time low in the late 1990’s. It seems that Mother Nature and other events were working against Ecuador including oil prices dropping  and people suffering from a terrible flood killing about 200 people!  

           
      On January 9th  2010 President Mahuad thought up a crazy plan. It was called the "Dollarization” plan. Over six months people traded in their Scures in for American dollars. The people of Ecuador traded in their money at 25,000 scures to 1 American dollar.  People weren't to happy about that.

Dollars and Cents

          As you can see Ecuador’s economy is pretty bad.




scures:  The original money of Ecuador.