ecuadoran monetary unit (Meaning)
Wordnet
ecuadoran monetary unit (n)
monetary unit in Ecuador
Synonyms & Antonyms of ecuadoran monetary unit
No Synonyms and anytonyms found
ecuadoran monetary unit Sentence Examples
- Ecuador's monetary unit is known as the Ecuadorian sucre, commonly abbreviated as "S/."
- The Ecuadoran monetary unit is a closed currency, meaning its use is restricted to Ecuador and is not recognized as legal tender in other countries.
- In 2000, Ecuador adopted US dollar as its monetary unit, replacing Ecuadoran sucre due to hyperinflation.
- The exchange rate between the US dollar and Ecuadoran monetary unit (Ecuadorian sucre) was fixed at 25,000 sucres to 1 US dollar.
- The Ecuadoran monetary unit has been subject to various monetary policies and reforms throughout its history to maintain economic stability.
- The Ecuadoran monetary unit is regulated and managed by the Central Bank of Ecuador, which is responsible for issuing currency, setting monetary policies, and managing foreign exchange reserves.
- The value of the Ecuadoran monetary unit has fluctuated over time, influenced by factors such as economic growth, inflation, and international currency markets.
- The Ecuadoran monetary unit has played a significant role in shaping the country's economy, impacting trade, investments, and the purchasing power of individuals.
- The Ecuadoran monetary unit is a symbol of the country's economic independence and sovereignty, reflecting its unique history and economic circumstances.
- Despite the adoption of US dollar as the official monetary unit in 2000, the Ecuadoran monetary unit (Ecuadorian sucre) holds historical and cultural significance for the people of Ecuador.
FAQs About the word ecuadoran monetary unit
monetary unit in Ecuador
No synonyms found.
No antonyms found.
Ecuador's monetary unit is known as the Ecuadorian sucre, commonly abbreviated as "S/."
The Ecuadoran monetary unit is a closed currency, meaning its use is restricted to Ecuador and is not recognized as legal tender in other countries.
In 2000, Ecuador adopted US dollar as its monetary unit, replacing Ecuadoran sucre due to hyperinflation.
The exchange rate between the US dollar and Ecuadoran monetary unit (Ecuadorian sucre) was fixed at 25,000 sucres to 1 US dollar.
