I think you're over simplifying a bit. > A country that doesn't control its money doesn't control its economic policy. Is there anything more important than th

I think you're over simplifying a bit. > A country that doesn't control its money doesn't control its economic policy. Is there anything more important than the economy for a country? http://www.coha.org/examining-the-effects-of-dollarization-on-ecuador/ http://www.coha.org/examining-the-effects-of-dollarization-o... The point of the article is that the economy of Ecuador was so bad dollarization caused capital flight to stop, stabilizing the economy. I'm not an economist, but maybe the short term benefits outweighed the long term restrictions. But it did impose some amount of financial discipline on them that they never exhibited before, and would probably boost the confidence of foreign investors that they could invest and still get money out. As a counterpoint, Venezuela is not a colony, but their economy is in a shambles, they can't feed their own citizens, but they have ultimate monetary control and can do whatever they want to their economy. That's what got them in this mess in the first place. Some thing as PRK and Cuba.