ECB defends electronic money system

The implementation of the Electronic Money System published on March 20 in the Official Register, will be implemented for approximately the last quarter of this year. Diego Martinez, president of the Central Bank of Ecuador (BCE) defended the new system and said...

ECB reported 2.5% decline in imports

Total imports (in dollars) dropped 2.5% in the first two months of this year compared to the same period of 2013, according to a report from the Central Bank of Ecuador (BCE). According to the trade balance, purchases made in millions of dollars into consumer goods fell by 6.5%...

Foreign money transfer services improve

A report by the Ecuadorian Central Bank announced that the flow of remittances which entered the country during the second quarter of this year reached $616,9 million, amount, 11.7% higher than the value registered in the first quarter of the same year, which was $552,2 billion....
BCE

Central Bank regulates interest in arreas

The directory of the Ecuadorian Central Ecuador (BCE, for its acronym in spanish) issued the regulation 047-2013 which will regulate the  rates of interest in arreas of credits in the financial system of the country, which shall enter into force on 3 December. This regulation is...