20.658 counterfeit banknotes were reported in Guayaquil in 10 months

The use of a device that emits a sound when it detects an anomaly in the safety line of a bill or to punch it are some of the reactions before the appearance of counterfeit banknotes.   A concrete figure of the number of counterfeit notes detected in the commercial sector does...

Banks must use electronic money system

Between 120 and 360 days is the term mandatory for public and private banks as well as cooperatives and mutual benefit, to be included as Macro agents in the system of electronic money from the Central Bank of Ecuador (BCE), how set it the resolution 064-2015-M, posted in the...

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...

Guarantees for Duzac´s credit would not have existed, according to witnesses

Yesterday, on the fourth day of the adjudication hearing of the Cofiec case, Francisco Endara, former President of the Central Bank of Ecuador, was identified by Esteban Garzón, former Manager of Agrícola Mercedes, as the person who had pressured him to replace the guarantees of...

BCE reported growth of 3.5% in the Ecuadorian economy

The Central Bank of Ecuador (BCE) said in a statement that the Ecuadorian economy grew 3.5% in the second quarter of this year compared to the same period in 2013. The growth is mainly by the performance of non-oil sector, which contributed 2.85 percentage points, confirming that...

Ecuador promotes trade through virtual certificates

The Ministry of Foreign Trade reported last week that the country issued the first Certificate of Digital Origin (COD by its Spanish acronym), which will help optimize and integrate business processes between Ecuador and Colombia. The procedure is done in the Ecuapass customs...
Posted On 06 Nov 2014

In 2013, employees received 36% of the GDP of Ecuador

In 2013, salaried employees received incomes equivalent to 36% of Gross Domestic Product (GDP); above what their employers received, who closed last year with a 27% stake. According to the Central Bank of Ecuador (BCE for its Spanish acronym), in 2007, who were in a dependency...
Posted On 28 Oct 2014

ECB postpones pilot plan to use electronic money

The pilot plan for electronic money, that the Central Bank of Ecuador (BCE for its Spanish acronym) announced it would begin today, was postponed for a few days. Last Friday, the ECB reported that tests on macroagents (shops and financial institutions where transactions can be...
Posted On 27 Oct 2014