Chinese loan reserves increase by $ 1,500 million

International Reserves rose from $ 2,081.20 million recorded on June 3rd last year to $ 3,504.70 million recorded on 10 June of the current year, according to the latest report from the Central Bank of Ecuador (BCE).

The figure increased, reported the manager of the financial institution Diego Martinez, due to a Chinese loan and incomes from the Latin American Reserve Fund (FLAR for its Spanish acronym).

The $ 2,081,000 recorded in early June represent the lowest figure of the Reserve during the government of Rafael Correa, even lower than that of May 2009, which was $ 2.594 million.

Source: http://www.eluniverso.com/noticias/2016/06/17/nota/5639439/sube-reserva-credito-chino-1500-millones