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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

Banking sector asks to meet with the Monetary and Financial Board

Posted On 25 Sep 2014

MONEDAMembers of the banking sector want to meet with Patricio Rivera, Coordinating Minister for Economic Policy, who shall chair the Monetary and Financial Board, the body that regulates the Ecuadorian economy. César Robalino, President of the Association of Private Banks of Ecuador (ABPE for its Spanish acronym) said that they are looking to make some suggestions regarding the credit requirements, as well as the electronic money.

“We agree, but in so far that it is a means of paying for transaction purposes (…) because the temptations are huge (due to resources needed by the Government for the expansion of public spending), and they think about saying to the Central Bank: Buy here one billion dollars in government bonds and you credit them in an electronic account and start paying with electronic money the financing of public activities,” said Robalino.

 

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