Ecuador: Financial Crisis, Results And Predictions
Mondaq Business Briefing › Ecuador Law Articles in English (2001)
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Ecuador: Financial Crisis, Results And Predictions
Suddenly, one Monday in March 1999, all Ecuadorian people were astonished when the Government declared a "banking holiday". The before mentioned "holiday" lasted a whole week. Clients were not only unable to draw out their money but also were obliged to keep their deposits for a year. It sound...
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