President Rafael Correa recognized yesterday that the economy faces “a cash problem”. That´s how he responded to the doubt that there could be a liquidity shortage, which he is trying to stop putting more tax costs for the outflow of currency.
The “Project of Law for the Balance of Public Finances” reduces the tax base, for example, the quantity of money a traveler can take to another country, exempt from the pay of the tax for the outflow of currency. For now is possible to take 11.170 dollars exempt from the tax, but they are looking forward to put the limit to $1.098 (three basic salaries). Any quantity that exceeds that limit, will be encumbered with the 5%.