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According to Rafael Correa, Tax on the Remittance of Currencie protects the dollarization
Posted On 03 Apr 2016
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)