Regulatory Alerts2023-01-01 | JPRM-2023-003-MPolicy for the Provision of National Fractional Currency by the Central Bank of Ecuador
The Monetary Policy and Regulation Board of Ecuador issued Resolution JPRM-2023-003-M to establish the policy governing the Central Bank of Ecuador's provision of national fractional currency. The resolution mandates that the Central Bank ensure adequate supply through imports from the US Federal Reserve or domestic minting, prioritizing availability over cost during extraordinary events. It further requires the Central Bank to conduct technical studies for inventory estimation, report circulation data to the Board, and contract experienced mints to guarantee high quality.
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