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Why do Ecuador, El Salvador and Panama use the US dollar?

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In El Salvador's case, rather than a currency shock, the main reason for the adoption of the dollar was a combination of two issues that impacted the local currency negatively: foreign remittances and country risk. read more

In El Salvador’s case, rather than a currency shock, the main reason for the adoption of the dollar was a combination of two issues that impacted the local currency negatively: foreign remittances and country risk. read more

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