Former President Gustavo Noboa Died

Former President Gustavo Noboa, architect of dollarization in Ecuador, dies at 83

Former Ecuadorian President Gustavo Noboa (2000-2003, center), who in 2000 implemented the dollarization of his country’s economy in the midst of the worst banking crisis, died this Tuesday at the age of 83 in a hospital in the United States.

“Ecuador is in mourning. Starting tomorrow, I will declare a national mourning in memory of Gustavo Noboa, ”said the president, Lenín Moreno, through his Twitter account.

The president called him a “beloved friend, respected democrat, moral trainer of youth, patriot” and presented his “condolences to his family and friends.”

Noboa was elected vice president in 1998 jointly with Jamil Mahuad, but assumed power by constitutional succession after the former Christian Democrat president was overthrown in January 2000 by a rebellion by the military and indigenous people.

Melissa Galbraith
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