In his latest interview with The Universe ex-manager Gustavo Noboa defends the value of dollarization in Ecuador | Politics | Notice

February 16, 2021 – 16h35

Este Martes failed the former president (2000-2003) Ecuadorian Gustavo Noboa, who as chief principal of his administration has completed the dollarization, which has been helping to control inflation in the country, although it has been criticized by some .

Noboa always defended the step he took to confirm that Jamil Mahuad – who was replaced in the cargo through the Gulf of State in the year 2000 – did not leave it alone to define the theme. This is the end of the last interview published in this diary and published on January 6, 2020, on the occasion of the 20th anniversary of the dollarization in Ecuador.

Including the law to say: “the people will not have to leave the dollar. Tumbará al Gobierno qui quiere quitar quitar. We’ve been here 20 years, we’re following suit. Problems hay pore nos cuesta dinier, pues no acuñamos la moneda ni emitimos papel, además Ecuador es un país un poco caro … Pero nos ha ido bien. ”

Continuation of some fragments of the interview.

Do not announce the decision to apply

Usted marked distance from various decisions of Mahuad, like the banking holiday. ¿De verdad has no idea what she’s thinking about dollarizing?

On the 9th of January, the President (Mahuad) doubled me: “I wish I could accompany him to announce the dollarization”. Yo le digo: “Si yo no conozco nada del tema, ¿quor me pide que te acompañe? I’ve been on the sidelines, I’m never given an opinion ”. Y me wing ‘n Guayaquil.

In his book Porqué fui presidente related to the fact that at the airport he met with a minister that the questioner came as he was traveling and no one was announcing the dollarization …

These are the days that are not part of this theme. Luego, Mahuad me volvió a llamar. Me dijo: Después de anunciar la dolarización, voy a tener een reunion en el Palacio, te pido que me accompanien. The day I got an airplane and got it. The children and friends, Eduardo Peña and Galo García, who accompany me. Llegamos a la residencia y eso era una fiesta, había música, champán, baile … Me quedé el tiempo onmisbaar y me fui. Había mucha gente que no me quería y llegaron a decir que había assistido con dos ministros de mi gabinete.

Why did you decide to go ahead?

Pork soy, in principle, guayaquileño. And we will create in the dollarization; including months ago, when I was vice president, I met with Guayaquil’s husband Joyce de Ginatta. What happened to me as president is what makes the power of power: when you have to make a decision and you are the only one who must respond to your conscience and your peace. Here are no friends, compliments, barra … Yo dije vamos adelante. I know nothing, only with intuition and something more that can not be decided …

Log in to accept the dollarization

On March 13 of this year (2000) the Ley moved to the Economic Transformation which modified the exchange and monetary system. You are not a party member or mayor. How did I support the deputies?

Juan José Pons, President of the Congress, created the dollarization and had a good working day. I believe that the deputies are concerned that this is a collective suicide …

Hoo-analysts say that the change did not reach 25,000 sugars to 37,000 or more.

It’s an opinion, hay otros que dicen que debió ser a 15 000, 18 000 … Pero como no hubo studies … I have to work and I do not have to ask the investigator. Ya estaba el agua derramada. If we arrange, we change lanes, we take care of the necessary actions for the cane, we push the factional circle … And there is a premise: in this factional movement there are effigies of ecuatorian illustrations, in the previous one ($ 0.05), Eugenio Espejo ($ 0.10), Eloy Alfaro ($ 0.50) … José Joaquín de Olmedo no estaba (en la $ 0.25) porque no es querido en Quito. Yo les dije a los del Central: Aquí me ponen a Olmedo y me sacan a este, que no sé quién era.

The indigenous sectors that participate in the Mahuad golf course will recover the dollar. Habló with them?

I will meet with the indigenous leaders and I will not hear the dollar, we will ask it. The days: I open because of the adventures he has seen in Buenos Aires, New York, Madrid, Berlin, London, they manejan the dollar hace 50 years, venden sus artisanías in dollars, ¿kómo es posible que los ecuatorianos digan que no lo entienden? How do you get the most out of it? Nadie más jodió …

With pendiente

What do you need to do to improve the system?

Confidence and legal security to promote inversions. Pero sin el dólar estaríamos igual o peor que Venezuela. Hemos tenido a (Rafael) Correa diez años, lo que nos ha salvado es el dollar and the price of petroleum. If my governor does not have a hubiese otra gran obra, the OCP, and if he does not hubiese arreglado the SOTE, no habría aumentado the export of crudo. In my government I bought a bargain for 15 dollars a barrel. Correa lo tuvo a 100 dolares y estamos endudados y con una corruption Corriklik. Sin el dólar Correa nos llevaba a Venezuela, sin duda. (I)