Explainer: Why Ecuadorian Co-ops are Restricting Foreign ATMs
The recent difficulty in using foreign bank cards (US, European, etc.) at Cooperative ATMs (like JEP, Pilahuin Tío, or Alianza del Valle) is not a random technical glitch. It is the result of a significant regulatory overhaul that reached a critical implementation phase on March 1, 2026. 1. The "Tax Wall": SRI Resolution No. NAC-DGERCGC26-00000009 The most immediate cause is a new tax directive from the Internal Rev…
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