Second Ecuador candidate promises to spend reserves

Both candidates now plan to raid central bank funds, despite 2021 law

Central Bank of Ecuador museum
Central Bank of Ecuador money museum, Quito
Rachael King

Another candidate in Ecuador’s presidential election has proposed using part of the international reserves for domestic spending. His comment, made on September 11, means that both participants in the October 15 run-off ballot have supported spending reserve assets. The central bank’s general manager calls the pledges “worrying”.

Daniel Noboa, one of the two candidates contesting the October run-off presidential election, told a radio station: “We must use $1.5 billion from the international

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.