Regulatory Alerts2025-01-01 | JPRM-2025-006-MResolution No. JPRM-2025-006-M: Codification of Monetary Policy Resolutions and Operations of the Central Bank of Ecuador Issued by the Monetary and Regulatory Policy Board
The Monetary and Regulatory Policy Board of Ecuador issued Resolution JPRM-2025-006-M to codify existing monetary policy resolutions and Central Bank operations into a unified regulatory framework. The resolution establishes the US dollar as the sole legal tender and defines physical and electronic payment instruments, including specific mandates for the exchange of fractional currency by financial entities. It further provides comprehensive definitions and operational rules for checks, detailing issuance requirements, validity periods, and the responsibilities of issuers and financial institutions.
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