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Why Ecuador Uses the US Dollar 

Elsbeth Weeks
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Why does Ecuador use the US dollar. The answer requires a surprising look at the economic and political history of the country.
This is a different video than what I normally make. Let me know in the comments what you think of this style of video. I promise, I will work on my indoor audio quality!

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26 фев 2022

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Комментарии : 52   
@boozhixuan6666
@boozhixuan6666 Месяц назад
This was a great video! Well researched and great timeline introduction to the Dollarisation of Ecuador (2000). Loved it
@jumpinjehoshaphat1951
@jumpinjehoshaphat1951 Год назад
Ecuador has done better economically since it dollarized. What's unsatisfactory about that answer?
@DAVIDSMARTZ123
@DAVIDSMARTZ123 10 месяцев назад
Lmao No it hasn’t
@ericallen3006
@ericallen3006 9 месяцев назад
​@DAVIDSMARTZ123 lol, uhm, yes, it has! Anyone with eyes can see that. At least Until recently, with all the crime and cartel activity. We'll see how that goes.
@astutecultivator2418
@astutecultivator2418 5 месяцев назад
​@@ericallen3006they're doing horrible like our middle class.. worst unemployment in Latin America.
@HamzaDaoui
@HamzaDaoui 4 месяца назад
Great video! You crushed it!!! How long did it take you to edit and put together?
@Bigolg1975
@Bigolg1975 Год назад
The stability of the dollar is beneficial to Ecuador, I have spent 7 weeks there and they are amazing people, and they will prosper with good leadership and the stability of the US dollar.
@astutecultivator2418
@astutecultivator2418 5 месяцев назад
They're doing horrible Right now like our middle class.
@Bigolg1975
@Bigolg1975 5 месяцев назад
@@astutecultivator2418 open borders and socialism sucks, but they can change.
@royjaber571
@royjaber571 Год назад
Lebanon (my country)should do the same in my opinion. Our currency is worthless anw
@charlypetra191
@charlypetra191 Год назад
Please stabilize your audio volume... it is up and own like the economies you talk about. TY.
@pauvelas
@pauvelas 7 месяцев назад
Good video!
@rociovillarreal724
@rociovillarreal724 6 месяцев назад
I loved this video!!
@harry_pottero
@harry_pottero Год назад
This is a seriously underrated channel
@fernwebb5568
@fernwebb5568 Год назад
I think this enhances the original stuff. I loved it and I think it was interesting and useful to know.
@bennuttall1589
@bennuttall1589 Год назад
Really good we are in ecuador now and this answered lots of qs we had :)
@rioscueva1899
@rioscueva1899 2 года назад
Beautifully done Señorita!!
@ElsbethWeeks
@ElsbethWeeks 2 года назад
Thank you so much!
@popoi47asca
@popoi47asca 2 года назад
Your video is like low-key Johnny Harris videos hahaha love your videos =)
@ElsbethWeeks
@ElsbethWeeks 2 года назад
Oh thank you! That is seriously such an amazing compliment! Love Johnny Harris :)
@palobomba79
@palobomba79 Год назад
Whatever you do on your next video I wish you a good journey but please for the sake of us inverse something in audio it’s very low it’s good quality pot a lot could be left to make it better make the audio better
@RhodySeth
@RhodySeth 2 года назад
Interesting stuff. I'm not opposed to more informational videos, but I would prefer they be merged into your existing travel content rather than as stand alone videos. But that's just my preference!
@ElsbethWeeks
@ElsbethWeeks 2 года назад
Thanks! I agree with you! Would love to incorporate this into an outdoor/travel video!
@bethmottweiler5836
@bethmottweiler5836 Год назад
Thanks for the video =) We covered this in my international Econ class, and it was nice to get some more context about it.
@dianamayfield5615
@dianamayfield5615 10 месяцев назад
I enjoyed your video and found the information beneficial. I'll watch more. You asked for criticisms. Do something about the sound quality. In parts, the music was too loud, and throughout the video, your voice faded in and out.
@nobnoba
@nobnoba 2 года назад
very good and simple to understand explanation. advise though: invest on some Microphone yeah?
@ElsbethWeeks
@ElsbethWeeks 2 года назад
Yeah - this video in particular suffered from some technical difficulties (had to reupload because of totally silent 40 seconds) audio is something I struggle with but I have a mic so the problem is just my good judgement lol
@aalb1873
@aalb1873 6 месяцев назад
If some countries as in the EU decides to use a common mutual currency with a common central bank as the Euro is good but if a country decides to use a currency of another country without any kind of control it is a failure and a shame: the certification of incompetence of the government and the sold out of the wealth and resources of the country to foreigners.
@ivanzq21
@ivanzq21 2 года назад
I would recommend to reduce the level of the music in the background, I want listening to you, not the music.
@ElsbethWeeks
@ElsbethWeeks 2 года назад
Thank you for feedback - I need to work on my audio levels!
@DavidMaharaj-rm1td
@DavidMaharaj-rm1td 4 месяца назад
I hope you learned about Mitad del Mundo
@Robert-eg2oy
@Robert-eg2oy 6 месяцев назад
Cambodia also uses the US dollar.
@darrinwebber4077
@darrinwebber4077 9 месяцев назад
If the manuever stabilized the Equadorian economy... Then it was a success. Period. Once economy is furrher stabilized with diverse industries... Equador can establish a new national currency. Maybe a Equadorian Dollar similar to Canadian or Australian Dollars in value.
@ramensaha
@ramensaha 2 года назад
Yes to more informative videos. What's the point of looking at videos and photos of pretty places without understanding them to even the minimum extent, right?
@ElsbethWeeks
@ElsbethWeeks 2 года назад
Thanks for the input! I mostly agree with this :)
@Floof_Factory
@Floof_Factory Год назад
Is ecuador expensive to visit for tourism? compared to brazil
@ariana6318
@ariana6318 Год назад
definitely less expensive than Brazil! In fact, Ecuador is well known in the backpacking world. Food, accomodation, and transportation in Ecuador are pretty cheap compared to Brazil. It is quite expensive for Ecuadorians to visit Brazil.
@intel2133
@intel2133 Год назад
​@@ariana6318bullshit, brazilian real is very devalorized, 1 USD = 4,87 Real, only a few can travel to Equador.
@AnnoyingAllie3
@AnnoyingAllie3 Год назад
Woah.. she can edit and she's smart :0
@MarcoCuauhtemocMejia
@MarcoCuauhtemocMejia Год назад
4:28 "It's hard to say..." you have got to be kidding me. yes it was successful.
@ElsbethWeeks
@ElsbethWeeks Год назад
This was my attempt to hedge. While dollarization in Ecuador can be considered a success, the timescale since it has been implemented is still a bit short to say with certainty that it was the a good choice
@100domathon
@100domathon Год назад
Ecuador is still in such a mess
@htetnglinn
@htetnglinn Год назад
Loud music is super annoying
@briastarek7923
@briastarek7923 2 года назад
promosm ❤️
@luisureta8604
@luisureta8604 2 года назад
You missed a lot information, I call this time, the good time a of ecuadorian people... 1995 and 1997. The government don't care unstructured of the country but the people does need the government to live a decent life. 1998 everything start to change to a nightmare... I was kid that time but I remember, the people save the money in the banks for future, and was food.. people can buy, they have HOME small or bigger but we all have something. But the thing we never imagine, the bankers are making loans for crops, projects, etc. that were never carried out. We money a the people (depositors). The night announce the go chance to Dollar, the Sucre coast $ 5.000 to $ 1 dollar, the morning a the another day $ 1 dollar costs $ 25.000 sucre. People was cheating, now they money cost 3 times less, a lot people suicide, another left to survive in different countries, like USA, Spain, Italy the majority.
@Baby1245
@Baby1245 Год назад
Bolsa de Valores de Quito..... Only 57 listed firms 👎👎👎👎 Ecuador needs a lot of profitable publicly listed corporations that operate with guidelines of a governing body like the SEC... It should build brands like McDonald's, Nestle, Sony, GM, Toyota, etc.... It should develop companies that conduct business in everything from food, construction, meat processing, mining, telecommunications, computer software, education/schools, etc.... These business entities must be proven profitable and have good managers and presidents that are recognized and accomplished. Ecuadorian inventors/innivators should be aided with capital, a corporation to be listed and manufacturing capabilities so that he or she can sell or export special goods/services (even labor) to the foreign markets. Ecuador should have international banking services so they can lend capital to foreign firms that have collateral... It is important for nations to have 20,000 to 30,000 publicly listed corporations to create shares of stock that have value and price. It must be blue chip and reputable. In time...thier shares can be valued at $25.00 a share at least which would be 25 times it's par value... These share of stock should be available to foreign investors or mutual fund managers or international stock brokerage firms.... A national stock market helps build the national currency's value..this is what I have to say..❤
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