The legal currency in Venezuela, the bolívar, has lost 30 % of its value so far this year, according to estimates by the independent Venezuelan Finance Observatory (OVF).
According to the independent organization, "for every 1 % the currency depreciates, prices increase by 1 %". This is attributed…
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OECD forecasts Costa Rica’s GDP growth at 3.8 %
The Organization for Economic Cooperation and Development (OECD) forecasts Costa Rica's Gross Domestic Product growth of 3.8% this year.
The international organization presented the data last Tuesday through the OECD Economic Surveys:…
First Hydrocarbon Sovereignty Expofair starts on March 20
Venezuelan President Nicolás Maduro announced that the first Hydrocarbons Sovereignty Expofair will begin on March 20 at Simón Bolívar Park in La Carlota.
The exposition will run for 10 days, with presence throughout the country, and is…
The SEC could exclude crypto companies from registration as securities brokers
Amid discussions about the creation of a bitcoin fund in the United States and the ups and downs in the price of the market's leading cryptocurrency, acting SEC Chairman Mark Uyeda asked staff to abandon "a rule change that would expand the…
US fuel inventories could shrink in 2026
The United States could face a reduction in its motor fuel, distillate fuel oil and jet fuel stocks in 2026 due to the effects of refinery closures and falling prices.
The US Energy Information Administration (EIA) forecast in its February…
Venezuela’s inflation in February was 12.8 %
The Venezuelan Finance Observatory (OVF) issued the report on the inflation rate for the month of February of this year, indicating that the monthly index was 12.8 %, while the annualized inflation reached 117 % and the accumulated…
On March 8, the world remembers the struggles and demands of women
March 8 was declared International Women's Day by the United Nations (UN) in 1975; however, the General Assembly of the organization adopted it in 1977. Long before, women were recognized for their contribution to the economy, education and…
Crixto Pay app allows you to use cryptocurrencies to make payments in bolivars
The crypto-financial services company Crixto Venezuela C. A. announced last week that its Crixto Pay mobile application is now available to use cryptocurrencies for payments in bolivars in the country.
The platform is authorized to…
US tariffs on Mexico and Canada to take effect on April 2
Donald Trump, President of the United States, postponed until April 2 the entry into force of tariffs on Mexico and Canada, while announcing an increase to 20 % for China starting March 4 and taxes for the European Union of 25 %.
The media…
United States to launch program to encourage foreign investment
With the aim of encouraging the arrival of foreign investors and, in addition, facilitating their legal residence, the President of the United States, Donald Trump, announced a plan that will replace EB-5 visas.
The “gold cards” are part…
South Korea cuts interest rates to 2.75 %
Last week, the Bank of South Korea announced a cut in the country's growth forecasts, as well as a reduction in interest rates to 2.7 % with the intention of boosting the economy in the face of US taxes and dealing with political…
Ecuador will make changes to the Constitution to recognize the dollar as its official currency
Ecuador could approve the dollar as its official currency if the Legislative Administration Council approves the modification of article 303 of the Constitution.
On Tuesday, February 25, it decided to “give way to a resolution presented by…