TRIVIA

El Salvador made global headlines a few weeks ago when it became the first country in the world to adopt bitcoin as its currency. This Central American country had already adopted the dollar as its currency a couple of decades ago.

What other countries in the region have the dollar as their currency?

A) Dominican Republic

B) Ecuador and Panama

C) Honduras and Jamaica

ANSWER

B) Ecuador and Panama. 

While the latter country adopted the dollar in 1904, shortly after its separation from Colombia and as part of an independence process supported by the United States, Ecuador adopted it in January 2000 due to the deep economic crisis the country was going through at that time. El Salvador adopted the dollar a year later, in 2001, as a mechanism to give stability to the economy and make the country more attractive to foreign investors.