Page "Economy of Ecuador" Paragraph 4

On January 9, 2000, the administration of President Jamil Mahuad announced its intention to adopt the U. S. dollar as the official currency of Ecuador to address the ongoing economic crisis.

Subsequent protest led to the 2000 Ecuadorean coup d ' état which saw Mahuad's removal from office and the elevation of Vice President Gustavo Noboa to the presidency.