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.