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Ecuador Declares Today An Emergency Bank Holiday

Source: CRE Radio (Guayaquil)
Posted: Monday, March 8, 1999
Updated: Saturday, December 20, 2008

Eduardo Carmigniani, chairman of the Banking Board of Ecuador, announced late last night that the central government and the Banking Board had decreed today, Monday, March 8, 1999, a one-off bank holiday to "avert a collapse" of the national financial system.

The country's financial institutions will work but will not open to the public.

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