According to Rafael Correa, Tax on the Remittance of Currencie protects the dollarization

Image: Expreso

President Rafael Correa defends the intention of lowering the amount of foreign exchange outflow. Currently, a citizen can get $ 11,000 in cash, he said during his radio.

The proposal reduces at a maximum of three basic salaries: 1,098 dollars. Annual purchases of up to $ 5,000 credit card will not be charged. “This tax is to protect dollarization, thanks to this tax have not been victims of speculative capital, the speculative attack … what we want to avoid that cash drain that costs us bring, in addition to money laundering and drain capital … “. Explained the president. (I)