Carlos Julio Arosemena Tola

Carlos Julio Arosemena Tola (* April 12, 1888 in Guayaquil, † February 20, 1952 ) was an Ecuadorian banker. Of 17 September 1947 to 31 August 1948, he was president of his country.

Arosemena was a member of Handelsbourgeosie his hometown of Guayaquil, the commercial capital of Ecuador. His father was an immigrant from Panama merchant and banker. His mother came from the local upper class. Arosemena first attended a school in Guayaquil and was sent in 1895 by his parents to Panama. From 1898, he attended the Seaton Hall College in New Jersey and later studied medicine at Cornell University in New York. However, his medical studies, he broke off and returned in 1905 back to Guayaquil. He worked for the Banco del Ecuador, whose manager was his father. After the death of his father in 1917, Arosemena retired from the bench and first opened a shop where he sold imported specialties and later changed money. In 1920 he founded the Banco de Descuento because he had found that the local trading houses had higher financing needs than they previously possible. He was, until his death in 1952 president of the bank. Since the closure of the Banco del Ecuador 1931, the Banco de Descuento was one of the two largest banks in Guayaquil. Arosemena was a member and temporary chairman of several local and national charities.

He was elected by Parliament in 1947 as President of Ecuador José María Velasco Ibarra after had been plunged into his second term by the defense minister. Arosemena, who had never seen a public official, had been elected by a large majority and formed a government that included all political camps, with the exception of the Communists. His main task was to calm the political situation, which succeeded during his presidency. In foreign policy he pursued the Ecuador connection to the " western world " by signing inter alia, the Charter of the Organization of American States and broke diplomatic relations with the Soviet Union. He received a mission from the International Monetary Fund under the direction of Robert Triffin, on whose recommendation in 1948 a new currency law was passed, the Ecuador incorporated it into the Bretton Woods system and the junta Monetaria created as the supreme controlling body in monetary matters. The Charter of Quito as the completion of the first large- Columbian Conference, preparatory work for the later Andean Pact were created.

Under his leadership, the free elections of 1948 were organized, won by the moderate liberal Galo Plaza Lasso.

Arosemena Monroy was married to Laura since 1915. They had seven children, including Carlos Julio Arosemena Monroy, president of Ecuador was 1961-1963. Arosemena died in 1952 after almost three years of being bedridden due to a steadily worsening osteoarthritis. His grave is located in a mausoleum made ​​of Carrara marble in the municipal cemetery of Guayaquil.

The bank was founded by Arosemena was closed in 1985 as bankrupt.