• ENGLISH
  • ESPAÑOL
facebook
twitter
  • National>Entertainment
  • National>Local Economics
  • National>Local Politics
  • National>Society
  • National>Sports
BREAKING NEWS
Cristian Espinosa was appointed Ambassador of Ecuador to the United States
Daniel Noboa receives the credentials of the new United States ambassador
40,000 women will receive scholarships in higher education
Julian Assange released from prison, after agreement with the United States
Armed Forces: Criminal gangs have lost USD 1.2 billion due to military operations in Ecuador
Minister of Defense: “It is not fair that some risk their lives, while others play with justice”
How can green banana flour enhance baked goods?
“I’m crazy for wanting to serve my country,” says Daniel Noboa at the presentation of “La Cárcel del Encuentro” in Santa Elena
Construction of the Encuentro maximum-security prison in Santa Elena begins
National blackout in Ecuador due to transmission line failure, confirms the Government

Alberto Dahik: “The last liquidity in Ecuador disappears.”

Posted On 12 Dec 2016
alberto-dahik-ecuadortimes
In an interview for Daily El Universo, Alberto Dahik talks about the mismanagement of the Central Bank of Ecuador by allowing that the liquidity it safeguards disappears with serious repercussions for the country’s economy.
“Banks deposit their resources in the BCE (Central Bank of Ecuador for its Spanish acronym), as the current government has ordered, all state institutions including the single treasury account, as well as the GADs (municipalities and provincial governments), and private banks,” Dahik explained.

Society´s money always belongs to the people. “One part, like that of the GADs or the unique account of the treasure, is an indirect money of the people. The other part, like the deposits of the Biess, the IESS, the CFN or the private banks, is the direct money of the people.”
“There is public money, which indirectly belongs to the people, and there is money from that directly belongs to the people.”

On the declaration of Reserve information, “besides the BCE reserve (which was already taken by the State with the increase in reserve requirements), besides the freely available liquidity that is now abroad, and the bank is being forced to bring in for the State´s use, there is a “last resort fund” of about 8% of the value of deposits, intended to cover any emergency. This is called liquidity fund. Although these resources are the direct money of banks and therefore of depositors, the liquidity fund, in an unusual way, is managed by the Government.”

Source: http://www.eluniverso.com/noticias/2016/12/12/nota/5951092/se-esfuma-ultima-liquidez-pais

About the Author
  • google-share
Previous Story

La Clementina pays the debt and avoids the embargo of the cardboard company

Next Story

Alvaro Noboa avoided the auction of his cardboard company

SEARCH

LATEST NEWS

ecuadortimes-cristian-espinosa-was-appointed-ambassador-of-ecuador-to-the-united-states_cristian-espinosa-fue-nombrado-embajador-de-ecuador-en-estados-unidos

Cristian Espinosa was appointed Ambassador of Ecuador to the United States

Posted On 28 Jun 2024
ecuadortimes-daniel-noboa-receives-the-credentials-of-the-new-united-states-ambassador_daniel-noboa-recibe-las-cartas-credenciales-del-nuevo-embajador-de-estados-unidos

Daniel Noboa receives the credentials of the new United States ambassador

Posted On 27 Jun 2024
40-000-mujeres-recibiran-becas-en-educacion-superior

40,000 women will receive scholarships in higher education

Posted On 26 Jun 2024
Copyright © 2010 - 2019. All Rights Reserved. EcuadorTimes.net