Liquidity totaled $ 37,000 million dollars, according to the Central Bank

The liquidity of the Ecuadorian economy reached $ 37.109 million dollars by August of this year, according to figures from the Central Bank (ECB). This represents an increment of 15.77% compared to August from last year. Diego Martinez, representative of the President in the...

Diego Martínez complete the board of monetary regulation

The appointment of Diego Martinez as a delegate of President Rafael Correa, to the Policy and Regulatory Financial and Monetary Board (JPRMF for its Spanish acronym), specific its conformation. The first meeting is expected, which shall be called by the Coordinating Minister for...

BCE with power to punish, according to Monetary Code

The Central Bank of Ecuador (BCE for its Spanish acronym) will sanction the financial institutions with fines up to $ 800,000, in the case that these undertake clearing or liquidation operations without authorization. The Monetary and Financial Code draft establishes so...

Executive will make “adjustments of form” to the Monetary Code

After the National Assembly approved the Monetary and Financial Code, this was referred to the President, who said that there will be “adjustments of form” admitting that the text “has come out pretty well”. The Executive has a term until August 22 to send...

The Central Bank of Ecuador assesses service fee for electronic money

The Central Bank of Ecuador (BCE for its Spanish acronym) is negotiating in these days the rates that will be applied to the users. Diego Martínez, President of the BCE, said that although he can not yet disclose the amounts of the fees, these will be much lower than those...