Counterfeiting, loss of identity, and costs associated with switching daily transactions to American currency. Counterfeiting is a big problem in Ecuador and this problem is expected to grow exponentially with the introduction of the dollar because bank staff have not been adequately trained to detect counterfeit banknotes. Currency is often considered a symbol of one's country, anddollarization means the loss of one of these symbols. Additionally, it will take a lot of time, energy, and money to reprogram cash registers, computers, and software to convert sucre prices to U.S. dollar prices. Business employees will also need to be re-educated and retrained to better handle the influx of US.