Ecuador uses USD as its currency. How does it get new bills or get rid of old ones?

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Ecuador uses USD as its currency. How does it get new bills or get rid of old ones?

In: Economics

Banks (regional or central) can buy any currency they desire, either with a different foreign currency or by selling something of value and taking payment in USD.

New bills come from other banks stockpiles or from the US.

Old bills are stored, spent or (if damaged) exchanged with US Bureau of Engraving.

The problem with using another country’s currency is that you don’t control how much is in global circulation. You can’t print more. You’re locked into the issuing country’s fiscal policy.