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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

Report for the second debate of Monetary Code was approved

Posted On 20 Jul 2014
Foto: Fernando Sandoval/ El Telégrafo

Foto: Fernando Sandoval/ El Telégrafo

The Committee on Economic Regime yesterday afternoon approved the report for the second debate of the Monetary and Financial Organic Code.

The legislation has the character of economic urgent, therefore the Legislative Branch has 30 days to approve the law. The deadline is July 24.

In reference to electronic currency, the government and the opposition agreed that issue will be supported by the liquid assets of the Central Bank of Ecuador (BCE).

While the Board for Monetary Policy and Financial Regulation, the Commission had to have legal status.

Oswaldo Larriva, chairman of the legislative table said he hopes “that by Tuesday the final draft is ready for approval by the plenary.”

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