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

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