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Minister Rivera reaffirms there will be not be a de-dollarization
Posted On 10 Jul 2015
Rumors about an alleged bank holiday and exit of the dollarization circulate on social networks, for that reason Minister of Economic Policy Patricio Rivera reiterated that this is “absolutely ruled out,” and recalled that the 2008 Constitution prohibits the freezing of deposits, a fact that occurred in 1999 during the administration of Jamil Mahuad.
Rivera claims that Ecuador’s economy is healthy, which is demonstrated by the figures of the external sector, that thanks to safeguards and public policy left favorable results. “If we compare 2014 figures with those of the current private flows to the outside, we see that about $ 1,450 million have ceased leaving the country.”
The official urges citizens to denounce those who try to generate financial panic through the 1800- CRIME line.
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