Ecuador: National assembly to consider reform to recognize U.S. dollar as nat'l currency

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Ecuador's national assembly began proceedings to debate a proposed constitutional reform that would recognize the U.S. dollar as the national currency.

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00:00Ecuador's National Assembly began proceeding to debate a proposed

00:04constitutional reform that would recognize the US dollar as a nation

00:08national currency. The Legislative Board of Directors unanimously approved a

00:13resolution presented by the National Assembly which consists in the creation

00:17of an occasional commission to address dollarization. According to the

00:21legislature, the reform seeks to strengthen the dollar in the country

00:25after its recognition as a national currency. The parliamentary body pointed

00:29out that the initiative represents a step towards the consolidation of the

00:33national economy and protection of Ecuadorian families through monetary

00:37stability.

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