Lasso was economy minister when Ecuador adopted the US dollar as its official currency in the late 1990s
Contrary to expectations, Guillermo Lasso Sunday surprisingly beat Andrés Arauz to become Ecuador s next president. The right-wing Lasso was a sure winner in the evening 97.91% of the votes counted.
Provisional results gave Lasso from the CREO movement a 52.49% to 47.51% victory over Arauz, of former President Rafael Correa s Unión por la Esperanza (UNES).
Lasso, 65, has served as Economy Minister under President Jamil Mahuad in the late 1990s when the financial and inflationary crisis caused a banking panic that led Quito to adopt the US dollar as its official currency.
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