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Ecuador Foreign Reserves Increase
Quito - Ecuador's readily available foreign
reserves (RILD) grew by $206 million, reaching
$2.438 billion, a Central Bank report said on
Thursday.
This increase is attributed to deposits made by the
national government, the financial system, the
Ecuadorian Institute of Social Security and public
businesses, according to the document.
This amount also includes oil revenues (the
country's main export) and international credits,
the report adds.
RILD secures the circulation of the US dollar in
this nation, as it is the foreign currency adopted
in 2000 to replace the old national currency, the
sucre. |
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