Previous Story
Ecuador has $ 4,563 million in international reserves
Posted On 20 Jul 2015
International Reserves (RI for its Spanish acronym) registered a growth of $ 217.6 million between June 26 to July 3, 2015, so its balance reached a value of $ 4,563 million.
RI is the amount of highly liquid external assets that have a quid pro quo relationship with liabilities of the balance sheet of the Central Bank of Ecuador (BCE).
The balance of net foreign assets of the BCE until July 3 of this year was $ 5,118.1 million, while the balance of the monetary liabilities and other obligations was $ 5,574.4 million.
The main income of the international reserves are tax revenues, exports of petroleum and derivatives, domestic debt issuance, deposits of local governments, payments of foreign debt and private exports, among others.
According to the Government, the resources coming from the last placement of $ 750 million in 2020 sovereign bonds in the international market, in a 5-year time and with a coupon (yield) of 8.5%, will strengthen the country’s international reserves and comply with the Annual Investment Plan 2015, which exceeds $ 8,000 million.
EcuadorTimes “The first ecuadorian digital newspaper with bilingual news on the web”
