Ecuador Backs U.S. Dollar

Bloomberg's headline, Correa Threatens Jail for Spreading Rumors on Ecuador Currency, points to the story-behind-the-story:

Ecuadorean President Rafael Correa said that people spreading rumors about the introduction of a new currency instead of the U.S. Dollar will be jailed.

Rumors of a new currency threaten to destabilize the economy, Correa told reporters today at the presidential palace in Quito. In December, he denied rumors of a forced closure of banks.

“This president guarantees to you that there is no plan whatsoever to exit dollarization,” he said. “It’s another vile calumny by eternal opponents who hope to win a few votes in the next elections.”

When you click on the link to "vile calumny" it takes you to an article Ecuadorian journalist Rómulo López Sabando wrote last week.