Ecuador requires local banks to repatriate $1.2 bln
Güncelleme Tarihi:
The Associated Press
Oluşturulma Tarihi: Haziran 01, 2009 00:00
QUITO - Ecuador's private banks will be required to repatriate $1.2 billion in assets they now hold abroad, President Rafael Correa said on Saturday, as low crude prices and a debt default sap cash from the country's flagging economy.
Haberin Devamı
Private banks must now keep more than 45 percent of their assets in Ecuador to draw cash and boost domestic liquidity, Correa said. The central bank ordered the measure into effect late Friday.