Central Bank of Ecuador Loans Gold to Goldman Sachs for Liquidity
Posted on 06/02/2014
Being short on cash, the Central Bank of Ecuador has inked an agreement to move more than 50% of its physical gold reserves to Goldman Sachs Group Inc. In return, the government of Ecuador will get “highly-secure and liquid instruments” that are expected to generate between US$ 16 million to US$ 20 million over the […]
