The Central Bank of Ecuador (Spanish: Banco Central del Ecuador (BCE)) is the central bank of Ecuador.
The Revolución Juliana (July 9, 1925) initiated the process of founding a national bank issuer. The country's crisis, caused by non-convertibility of the currency, banknote printing without reserves to support the increase in currency, inflation, speculation, abuse of credit, unbalanced payments, lack of official control over the banks and banking anarchy and strife, required cleaning up the currency situation.
Read more about Central Bank Of Ecuador: Foundation, Evolution, Financial Inclusion
Famous quotes containing the words central and/or bank:
“It’s easy to forget how central the French people are in everything we mean when we say Europe.”
—John Dos Passos (1896–1970)
“That strain again, it had a dying fall;
O, it came o’er my ear like the sweet sound
That breathes upon a bank of violets,
Stealing and giving odor. Enough, no more,
‘Tis not so sweet now as it was before.”
—William Shakespeare (1564–1616)