Dollar Withdrawals Expand | Amplían retiros de dólares

By El Deber:

Confirmed: Starting July 15, deposits of $1,000 to $3,000 will be returned

Confirmado: desde el 15 de julio se devolverán los depósitos de 1.000 a 3.000 dólares

Depositors will be able to withdraw their dollars in cash. File photo: Ricardo Montero / EL DEBER

“If you want to withdraw the full amount (of your savings within the established range), you will be able to do so without any restrictions, and that commitment will be honored,” said the Minister of Economy.

The Minister of Economy and Public Finance, José Gabriel Espinoza, announced this Saturday that the previously announced schedule for the return of dollar deposits held by financial institutions will remain in place.

This means that “starting on July 15, we will begin returning funds to the second group of savers, those with deposits ranging from $1,000 to $3,000,” Espinoza confirmed during an interview on EL DEBER’s program ON, hosted by Sissi Añez.

Therefore, “if you have a balance of up to $3,000 and you wish to withdraw the entire amount on July 15, you will be able to do so without any restrictions, and that will be fulfilled,” he added.

He recalled that the schedule also provides that, beginning on August 14, deposits will be returned to savers holding between $3,000 and $5,000.

“And so on,” the government official said, indicating that the process will continue progressively.

The repayment process will continue until all established deposit ranges have been covered.

The return of deposits is one of the commitments undertaken by the government as part of its strategy to normalize the foreign exchange market and restore confidence among savers.

Over the past several years, foreign currency restrictions and the shortage of U.S. dollars created uncertainty among bank customers and businesses, particularly during periods of intense pressure on international reserves.

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