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. Current general manager is Guillermo Avellán.
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