BankHeadOffice.com         Bank Head Office Worldwide   ♦ Loan Calculators ♦ Mortgage Guides ♦ Banking FAQs ♦ Banking Institutions ♦ Central Banks Worldwide       Home  »  Central Banks Worldwide  »  Central Bank of Ecuador Central Bank of Ecuador The Central Bank of Ecuador (Spanish: Banco Central del Ecuador (BCE)) is the central bank of Ecuador. The bank are authorized to issue and circulation of banknotes in Ecuador. Central Bank of Ecuador performs all the functions that a central bank of any country is expected to perform.   Central Bank of Ecuador are contributes effectively to economic development - social and financial stability of Ecuador, producing quality products and services geared to the welfare of the community, with a team of professional public servants, competitive and committed, working under a culture of accountability, it becomes a technical reference to national and international level. Central Bank of Ecuador as the central bank of Ecuador executes all the functions that a central bank traditionally performs as elsewhere in the world. The core functions of Central Bank of Ecuador are briefly discussed as follows: - BCE formulates and implements monetary policy aiming at stabilizing domestic monetary value and maintaining competitive external per value of taka for fostering growth and development of country’s productive resources in the best national interest. - BCE formulates and implements intervention policies in the domestic money market and foreign exchange market.   - Moral suasion - BCE monitors and supervises scheduled banks and non-bank financial instructions that include off-site supervision and on-site supervision in order to enhance the safety, soundness, and stability of the banking system to ensure banking discipline, protect depositors’ interest and retain confidence in the banking system. - BCE holds sole responsibility of the management of international reserve representing aggregate of BCE’s holding of gold, foreign exchange, SDR and reserve position in the IMF;   Central Bank of Ecuador HQ Address: Av. 10 de Agosto N11-409 y Briceño Casilla Postal 339 Quito-Ecuador Telephone: + 593 2 2572 522 Call Center: + 593 2 2289 488 Website: www.bce.fin.ec Swift Code: BCENECEQ Currency: Ecuadorian sucre US dollar Banking Hours: Monday - Friday : 9.00am - 3.30pm   - BCE, as the central bank of Ecuador reserves sole responsibility to issue bank note; - BCE performs as a clearing house for the scheduled banks to clear and settle inter-bank payment arising through drawing cheque, drafts, bills, etc to one another. - BCE acts as a banker to the government; - BCE functions as a lender of the last resort for the government as well as for the country’s scheduled banks; - BCE acts as an advisor to the government; - BCE directs the growth expediting programs for the national interest.   DISCLAIMER The content comes from Internet, reasonable efforts are made to maintain accuracy of information published. However, information could contain errors or inaccuracies and is presented without warranty and statutory means. No liability is assumed for errors or omissions. Viewers are advised to consult their banker or financial consultant for complete information and their professional advise. All trademarks, logos, brand names and copyrights are the property of their respective owners. © 2011 - 2022 BankHeadOffice.com ® All Rights Reserved