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The Central Bank of Ecuador (BCE for its Spanish acronym) is negotiating in these days the rates that will be applied to the users. Diego Martínez, President of the BCE, said that although he can not yet disclose the amounts of the fees, these will be much lower than those...

Last Wednesday during a discussion with international media at the Carondelet Palace, president Rafael Correa reported that over half of the reserves of Ecuadorian gold were used as collateral for a loan with the bank Goldman Sachs. Gold reserves “serve as collateral for a...

The Central Bank of Ecuador (BCE for its Spanish acronym) announced it invested some of its gold reserves ( 466,000 ounces) in the international market. This was done through the Goldman Sachs International U.S. bank , a company that also made a gold operation with Venezuela in...

The Central Bank of Ecuador (BCE for its Spanish acronym) yesterday issued a resolution that contained the Title I of theProcedure and Operation Manual (MPO) of the electronic money system. This advance contains three articles in which the BCE says that “electronic money in...

In September expires the deadline for the Central Bank of Ecuador (BCE for its Spanish acronym ) to publish the rules and operating manual that explains the use of electronic money. In recent days there have been some doubts about the new payment method , which the BC clarifies...

President Rafael Correa requested to perform an audit to Tame after knowing there were anomalies in the statement of profits by the 2012 management. The new management, led by Fernando Guerrero, revealed that there were losses by $ 3 million, and not $ 1.3 million profit as they...

The private clinics and hospitals will continue assisting patients of the Ecuadorian Institute of Social Security ( IESS for its Spanish acronym), after an agreement to cancel the debt held. This, after the National Association of Private Clinics and Hospitals of Ecuador (Achpe)...

Cooking pots manufacturers, who aspire to be suppliers of the State plan to replace gas cookers for induction cookers, shall present their proposals to the Ministry of Industries until today. The deadline is at 17:00 and until yesterday the proposals of four companies were...

After the idea of the Maritime Sector, Port and River Plan created by the Ministry of Transport and Public Works in conjunction with the Under-Secretariat of Ports and Maritime and River Transport, guilds from shipping companies, public and private ports met to discuss their...

The Regional College of Electrical and Electronics Engineers of the Coast (Crieel for its Spanish acronym) noted that the tariff system currently used to calculate the charge for electricity consumption in the country, known as exponential curve, should be modified because o...