Regulatory Alerts2024-01-01 | JPRM-2024-021-AJPRM-2024-021-A — Recognition for Officials of the Central Bank of Ecuador Who Participated in the October 9, 2024 Operation
The Monetary Policy and Regulation Board of the Central Bank of Ecuador issued this resolution to honor the bravery of its security staff during a violent ambush on October 9, 2024, which resulted in the death of official Ilario Erwin Arias Ruiz. The Board established the "Ilario Erwin Arias Ruiz Outstanding Performance Recognition" as an institutional award for high-relevance services and conferred this first recognition upon the security team members who thwarted the robbery attempt. Additionally, the resolution mandates the installation of a commemorative plaque in the Central Bank's main building and the renaming of a multipurpose room in honor of the deceased official.
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