Earlier the Ecuadorian currency was sucre. In 1997, 1 us dollar was equal to 4,000 sucre. By 1999/2000 it was up to 25,000 sucres for every dollar. The people of Ecuador only had sucres, and the prices of everyday things could not be hiked at the same rate as the devaluation of the sucre."Devaluation" means official lowering of the value of a country's currency within a fixed exchange rate system
In 2000, the president decided the way to go was with the US dollar,a more stable currency. The people went crazy and he was thrown out of office. But the vice president who replaced him decided to go ahead with "dollarization." –
The dollar bills used are identical to what is found in the US. The change is a mix of US coins and an Ecuadorian version of the coins.
The old Ecuador currency, the sucre and centavo, can still be found on the streets and souvenir shops. People have gathered the old bills -which have really pretty pictures on them- and now sell them to tourists.The modern day currency is US dollar bills and centavo coins.
Types of centavo coins:Cincuenta;.=50 centavos has face of president Eloy Alfaro,Veinticinco=25 centavos has the face of patriot and poet Jose Joaquin de Olmedo,Diez=10 centavos writer and lawyer Euginio Espejo,Sinco:5 centavos has the face of author and essayist Juan Montalvo,
Un=1 centavo map of America and the legend.[They all are the spanish name for the number].
https://en.wikipedia.org/wiki/Ecuadorian_centavo_coins read this link for information about centavo coins the ecuadorian coins
Population:
Current population-16,419,704
Male population-8,22,821(50.1)
Female population-8,117,884(49.9)
Births this year-200,020
Deaths this year-48,661
Net migration this year--4621
Population growth this year-146,739.
Symbols:
The symbols of Ecuador includes the bird,flag,flower,motto,national anthem,tree,animals.
Bird:Andean Condor
Flag:
Meanings
Yellow:abundance and fertility of the crops and land.
Blue:The color of the sky and sea.
Red:The blood of soldiers and matyrs of independent battles.
Palm and Laurel branches:Victory.
Andean Condor:Serves as protection for the country under it’s outstretched wings.
Lictoral fasces:Dignity.
Flags:Supporters.
Flower:Rose.
Motto:Dios Patria y libertad[God,homeland,freedom].
National Anthem:Salve,Oh Patria.
Tree:Quina.
Animals:Galapagos tortoise,frog,Andean Condor.
Please enjoy these vodeos