ECUADOR

(USD) Currency News >>

CURRENCY:

The US Dollar - USD, Symbol $

DENOMINATIONS:

NOTE: $100, 50, 20, 10, 5, 2 and 1.

COIN: $1, and 50, 25, 10, 5 and 1 cents.

US DOLLAR ACCEPTED?

Yes; this is the official currency of Ecuador.

CREDIT/DEBIT CARDS AND ATMS:

Most major credit and debit cards accepted widely. Note that on the Galapagos Islands, only Mastercard is accepted. ATM machines are available at banks.

CURRENCY EXCHANGE:

This is best arranged in advance in order to get the best rates. If necessary, this is best conducted via an official casa de cambio or bank.

TRAVELLER'S CHEQUES:

Travellers cheques are easiest to use in larger citites.

BANKING HOURS:

Generally Mon-Fri 0830-1600 OR 1700 Some banks open on Saturday mornings.

CURRENCY RESTRICTIONS:

Unknown

COUNTRY OVERVIEW:

Ecuador is a country in South America which also includes the Galapagos Islands. The name "Ecuador" comes from the fact that it is literally on the equator. The capital is Quito, but the largest city is Guayaquil. The official language here is Spanish.

POPULATION:

Around 13 million.

ECONOMY:

The agriculture of Ecuador is rich and includes flowers, coffee, bananas, cocoa, sugar, tropical fruits, rice, corn, palm oil and palm hearts. In addition to this the natural resources found here are fish, gold, petroleum and timber. Ecuador adopted the US dollar as its official currency in 2000 in order to tackle economic crisis.