Ecuador
Ecuador cbank sells bankrupt banks property assets
The Ecuadorian Central Bank BCE (Banco Central del Ecuador) has put for sale the headquarters and branches of bankrupt banks, and will use he cash to settle loans made to the BCE to solve liquidity problems. Initially it is offering the assets to…
Ecuador inflation slows in Dec 2000 to 2.5 pct
Ecuador's consumer price inflation slowed to 2.5 percent in December 2000 compared with 5.6 percent a year earlier, the Institute of Statistics (INEC) said on Dec 29.
Guatemala considers legalising limited dollar use
Weeks after El Salvador adopted the dollar as one of its currencies, Guatemala's Congress was considering a similar plan Monday, the Associated Press reported.
Ecuador awaits IMF visit to review econ program
A team from the International Monetary Fund will arrive in Ecuador in the next few days to evaluate the country's macroeconomic program.
Ecuadorian colonel says lift bank secrecy veil
Former Colonel Lucio Gutierrez, who led the January coup that removed President Jamil Mahuad from office, called on the Ecuadorian government to lift the bank secrecy act and reveal the names of the beneficiaries of the March 1999 bank holiday decreed by…
El Salvador to use dollar as 'parallel currency'
El Salvador will allow the US dollar to circulate freely alongside its own currency in the new year under a monetary law sent to Congress by the president on Thursday.