Daniel Noboa strengthened dollarization with an executive decree

The president of Ecuador, Daniel Noboa, announced the drafting of an executive decree to strengthen dollarization and prevent alternative payment measures that could affect economic stability. The proposal arises in response to recent statements from opposition sectors suggesting the use of electronic currencies or alternative methods for state payments.

In a radio interview, the president questioned the intentions behind these proposals, pointing out that they seek to implement a form of payment different from the dollar, affecting state suppliers and workers who would receive salaries with a devalued currency. "That completely destabilizes Ecuador's economy", emphasized Noboa.

The president warned about the negative effects of a parallel currency, as those who receive it would face difficulties using it, forcing them to sell it at a discount. This would generate economic losses and affect the purchasing power of Ecuadorians. "We can't have alternative payment measures, and that's why this decree is going", he added.

Noboa also criticized representatives of correísmo, calling their electronic currency proposal a "fantasy of a failed revolution". He explained that trying to mix a devalued currency for the public sector and the dollar for the private sector would generate an economic imbalance that would jeopardize the country's financial stability.

With this decision, the Noboa Government reaffirmed its commitment to dollarization and the protection of the Ecuadorian economy, preventing alternative payment models from compromising the financial security of the population.