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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

Executive Veto will clarify the liquidity fund management

Posted On 19 Aug 2014

Correa-vetoAlexis Mera, Legal Secretary of the Presidency, said that within the executive veto for the draft Monetary Code, it would be clarified that the Government will not use the resources from the financial system liquidity.

This decision was made after the meeting held by the President last Sunday night and early yesterday with representatives of private banks.

After the meeting it was agreed for banks to give to the Executive written comments on the issues that worry them the most.

The legal secretary noted that some of the ideas of the banking were accepted, as the related to liquidity funds. According Mera, the destiny of hat fund will be explained in detail.

The veto will be sent to the Assembly on Friday.

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