For the first time, Ecuador’s Central Bank will introduce the U.S. $2 bill into general circulation.
Like the U.S. dollar coins that are widely used in Ecuador, the $2 bill is rarely used in commercial transactions in the U.S. “The U.S. treasury has large amounts of them but very little demand,” a central bank press release said. “We believe there will be demand in Ecuador and we will increase the supply as the need develops.”
Since Ecuador abandoned the Sucre for the U.S. dollar in 2000, $2 bills have become collector’s items in the country usually brought back by Ecuadorians living overseas. “There were never enough of them to become common currency so they were considered good luck tokens,” the bank said.
The $2 bills will be available beginning Wednesday, May 1 at Central Bank offices.