Ecuador’s president tried to kill the dollar. Here’s what that means for Venezuela, Argentina and the Rest of Latin America | Fortune
Steve H. Hanke is a senior contributing columnist at Fortune and a professor of Applied Economics at The Johns Hopkins University. From 1995 to 1996, he served as economic advisor to President Rafael Caldera. He is currently a Special Advisor on Economic, Monetary, and Energy Affairs in the office of Congressman Antonio Ecarri in the National Assembly of Venezuela. Francisco J. Zalles is an Ecuadorian economist and professor at Universidad de las Hespérides (Spain). Zalles and Hanke advised Ecuador’s Minister of Finance and Economy, Carlos Julio Emanuel, during the introduction of dollarization. They are editors of a new book, La Dolarización en Ecuador: El Triunfo del Orden Espontáneo (2026).
