Journeyman Jack In Ecuador: TUE 31 MAR 20/20 👀 'Ecuador uses gold reserves to obtain $300million Loan-

Wednesday, April 1, 2020

TUE 31 MAR 20/20 👀 'Ecuador uses gold reserves to obtain $300million Loan-

TUE 31 MAR 20/20 👀 'Ecuador uses gold reserves to obtain $300million Loan- 💵

"In order to have a liquidity of the $300million, the Central Bank of Ecuador (BCE) disposed of monetary gold from its reserves.

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This line of credit was obtained with an annual rate of 2.6%. This is in anticipation of the experienced drop in foreign liquid assets in the country's international reserves.

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"This short-term transaction allows an asset such as gold to temporarily contribute to the liquidity of the economy. To do this, it was required that 240 thousand ounces of gold be kept immobilized in the account of the Central Bank of Ecuador abroad. "the ECB assured. 🔥

Once the resources obtained from the international counterpart have been returned, the ounces of gold will once again be available in the International Reserves, which will take a maximum period of one month. Digital media." - ⚠️

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Banco Central Ec @ BancoCentral_Ec -

RELEASE | He #BCE = "Banco Central Ec informs citizens about the activation of a temporary liquidity facility; a type of operation typical of Central Banking with its gold portfolio. We make a call to stay informed through official channels." - 🎟🎟 🎲🎲 https://twitter.com/BancoCentral_Ec/status/1244500700496789504?s=20

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twitter: https://twitter.com/JourneyJEcuador
@Jack Abercrombie

4 hrs

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My Twitter feed is down, or maybe has purposefully been taken down in Quito, Ecuador- S.A., Q'uite possibly due to UN-official / UN-approved citizen news journalists that insist they see what they see with their own eyes, and record with their cell phone cameras?