Central Bank proposes to boost foreign investment and exports

The Manager of the Central Bank of Ecuador (BCE), Mateo Villalba, made a call to boost foreign direct investment, reduce the consumption of imported goods and increase exports to strengthen the dollarization. “Stopping the consumption of Chilean apples can be made...

BCE registers 6,856 virtual accounts of electronic money

A total of 6,865 subscribers opened their electronic money virtual accounts at national level in the Central Bank of Ecuador (BCE for its Spanish acronym). This was reported by the entity, which also confirmed that in mid-February the first real transactions will be made. The BCE...

Electronic money plan pilot will start with 600 customers

The Financial Regulatory Board approved on November 6 the costs of electronic money operations, while the pilot plan of the system is already underway. The plan will serve to measure the effectiveness of the technology platform developed by the Central Bank of Ecuador (BCE for...

BCE invests gold reserves in the International Market

The Central Bank of Ecuador (BCE for its Spanish acronym) announced it invested some of its gold reserves ( 466,000 ounces) in the international market. This was done through the Goldman Sachs International U.S. bank , a company that also made a gold operation with Venezuela in...