Alfredo Arízaga, who served as the Minister of Finance during Ecuador’s dollarization, offers insights on a key topic discussed in former President Jamil Mahuad’s book, "Así dolarizamos Ecuador" (translated as "How We Dollarized Ecuador"). Some have questioned whether dollarization was simply a response to the economic crisis of 1999. Arízaga firmly believes it was more than that—it was a response to two decades of economic struggles (my translation, emphasis added):
Why Consider Dollarization for Argentina?
Why Consider Dollarization for Argentina?
Why Consider Dollarization for Argentina?
Alfredo Arízaga, who served as the Minister of Finance during Ecuador’s dollarization, offers insights on a key topic discussed in former President Jamil Mahuad’s book, "Así dolarizamos Ecuador" (translated as "How We Dollarized Ecuador"). Some have questioned whether dollarization was simply a response to the economic crisis of 1999. Arízaga firmly believes it was more than that—it was a response to two decades of economic struggles (my translation, emphasis added):