May.06, 2010, 2:34 P.M. ET
QUITO (Dow Jones)--Central bank president Diego Borja said that Ecuador doesn't face any risk of running out of U.S. dollars after being included in a list of nations with deficiencies in their ability to curb money laundering and terrorist financing.
Ecuador uses the U.S. dollar as its currency.
In February, the Financial Action Task Force, or FATF, placed Ecuador and a number of other countries on a list of rogue financing countries.
Borja told Dow Jones Newswires in a telephone interview on Thursday that he met last week with authorities of the U.S. Treasury Department, the International Monetary Fund and the Export-Import Bank of the United States, aiming to ward off any unwanted fallout from the listing.
President Rafael Correa has said that the placement of Ecuador on the black list was due to its ties to Iran.
Borja said that Ecuador would maintain relations with Iran, but added that the central bank of Iran hadn't opened any account with Ecuador's central bank.
"The central bank can't put itself at risk and can't accept any deposits nor have any financial transactions with Iran's central bank," he said.
On its website, the FATF says that it is "an intergovernmental body whose purpose is the development and promotion of national and international policies to combat money laundering and terrorist financing."