The government has made Ecuador tinier

Image: 4pelagatos

Mauricio Pozo, an economist and former finance minister, was interviewed by the 4pelagatos website on the economic situation of the country.

He explains that the balance of deposits of institutions in the Central Bank reflect the fact that “there is an increasing mismatch between liquid assets and liabilities.”

“Liquid assets or central bank´s total take of bills, investments, the remaining gold (because the other part is already pawned), stakes in foreign institutions like the International Monetary Fund … All this amounts $ 3,000 million. Liabilities to be settled from those who keep their money in the Central Bank-and that may withdraw it at any moment- total approximately $ 6,500 million. Therefore, liquid assets cover only a part of liabilities.”

Source: http://4pelagatos.com/2016/02/23/el-gobierno-ha-vuelto-mas-chiquito-a-ecuador/