A recent analysis emphasizes that while full dollarization is technically feasible for Ecuador, it cannot be implemented as an isolated measure. Experts suggest a structured institutional sequence is crucial, beginning with political legitimacy and fiscal stabilization. The core issue isn’t simply adopting the U.S. dollar, but rather establishing who controls the monetary regime, exchange rate, and transition conditions. The report updates previous findings, reiterating the need for a comprehensive approach. Implementing dollarization without these foundations would be an improvization, and likely to fail. Successfully navigating this process hinges on a deliberate and well-planned strategy, not a hasty decision. This analysis underscores the complexities of dollarization and the necessity of a thoughtful, phased implementation.