Dollarisation in Latin America

Since the year 2000, the government of Ecuador has instituted a policy instating the United States dollar as the official currency of Ecuador. El Salvador, likewise, instituted a policy instituting the United States dollar as their official currency in 2001 thereby becoming the third Latin American country to use a foreign money as their official…

US Ambassador Strains Relations with El Salvador

Mari Carmen Aponte was appointed by the Obama administration as Ambassador to El Salvador. Because she has been a controversial appointment, twice rejected by the US Congress, Obama appointed her while the Congress was not in session to avoid a traditional confirmation. Almost immediately after beginning her tenuous tenure, Ms Aponte exposed the justification for…