To address the economic condition of his country in 2000,Ecuador's president announced that the country would adopt the US dollar as its main of exchange.

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This statement is true. In January 2000, Ecuador's president Jamil Mahuad announced that the country would officially adopt the US dollar as its main currency to tackle the severe economic crisis and hyperinflation that the country was facing. The new currency was put into circulation on September 13, 2000.

To Address the Economic Condition of His Country in 2000,Ecuador's