Monetary Code provides payment of 0.5% tax to access loans

Since yesterday, the Monetary Code established the payment of 0.5% for those who access loans by financial institutions. The amount will be used to finance the comprehensive cancer care. The collection will take place in all types of loans by private financial institutions...
Posted On 27 Oct 2014

Rates for electronic money transactions must be approved

The Central Bank of Ecuador (BCE for its Spanish acronym),  developed a rate proposal for six types of transactions with electronic money. Three of them would be free, according to the approach that shall be approved by the Monetary Adjustment and Policy Board. In a statemen...