Like about a dozen other small countries, Ecuador doesn't have its own currency. It just uses the U.S. dollar. read more
There is no way the US can prevent Ecuador from using US dollars as their primary means of exchange (a country can literally declare any product legal tender), nor would it want to prevent this as it creates demand for US dollars. read more
There’s a reason Ecuador and other countries want to rest their futures on the U.S. dollar and why China’s hope to use the Great Recession to supplant the dollar with the renmimbi as the international reserve currency of choice has sputtered: The U.S. economy is, despite Washington’s best efforts the last four years to prove otherwise, remarkably resilient and well-managed. read more