When inflation hits too high and prices go up, you may be tempted to start looking for a way to cut back.But not all inflation is created equal.A few of the key ingredients are to be found in the United States.While the average inflation rate for the US was 2.7% in 2017, the median rate…
Tag: ecuador currency
Ecuador: A new currency, a new economy
Ecuador’s government has officially adopted the new dollar as its official currency.It is expected to be used as the currency for foreign transactions and export sales, and will be used by the country’s banks and insurance companies, as well as government agencies.Ecuador’s move comes after the central bank in 2013 announced that it would adopt…