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16.08.2007

Monetary constitution and banks

Central Bank of Ecuador established in 1927 issues national currency – sucre. There are foreign and national commercial banks in the country as well as national development bank, which put up money for farm, industrial and financial business. The majority of budget revenues form earnings derived from oil exports. As for expenditure budget, the largest expense item, as for 1992, is external public debt service. The second largest is maintenance of government offices expenditures, next – education expenditures, medical care service expenditures, housing and provision of urban amenities expenditures.

 
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