• ENGLISH
  • ESPAÑOL
facebook
twitter
  • National>Entertainment
  • National>Local Economics
  • National>Local Politics
  • National>Society
  • National>Sports
BREAKING NEWS
This is how Quaker oats are made, a product that has been in Ecuador for several decades
Economy in 2024: stagnant, without the ITT and with a mining sector in decline
Bird flu detected in dead birds in Galapagos
El Niño phenomenon: alert status changes from yellow to orange in Ecuador
The United States is the first destination for Ecuadorian organic bananas
Ecuador incorporates 65 thousand new hectares of forest under conservation
Foreign Ministry must rent 59 premises abroad so that 390,000 migrants can vote
Italian mafia has ‘interests’ in Ecuador and other countries in the region
Ecuadorians have fewer children; 600,000 fewer babies than expected since 2010
Memorandum between the US and Ecuador has 169 objectives to strengthen security

Electronic money must be backed up by assets of the BCE

Posted On 17 Jul 2014

comision-regimen-economico-asambleaThe Commission on Economic and Tax Regime approved that the circulation of electronic money may only be made with the endorsement of assets of the Central Bank of Ecuador (BCE for its Spanish acronym), according to Assemblyman Ramiro Aguilar.

In Article 98, the project stated that “electronic money will be put into service privatively by the Central Bank of Ecuador, on the basis of policies and regulations issued by the Board of Monetary Policy and Financial Regulation”. Aguilar noted that to this text it would be added that the BCE will be the one to provide electronic money only to the extent of its assets. “If it emits more money is illegal”, he added.

Yesterday, the Commission continued with the analysis of the project and Oswaldo Larriva, President of the institution, received comments from various groups and organizations. On July 25, the Assembly shall complete the process.

About the Author
  • google-share
Previous Story

Ecuador resumed talks to close trade agreement with the EU

Next Story

Correa says that agreement between Ecuador and the EU offers many advantages

SEARCH

LATEST NEWS

This is how Quaker oats are made, a product that has been in Ecuador for several decades

Posted On 22 Sep 2023

Economy in 2024: stagnant, without the ITT and with a mining sector in decline

Posted On 20 Sep 2023

Bird flu detected in dead birds in Galapagos

Posted On 20 Sep 2023
Copyright © 2010 - 2019. All Rights Reserved. EcuadorTimes.net