El Salvador reached an agreement with the International Monetary Fund (IMF) last week to halt its Bitcoin purchases in exchange for a $1.4 billion loan from the organization.
President Nayib Bukele made the decision for the good of the country. He also "has transferred majority ownership and…
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Venezuela’s inflation in August was 8.9 %
According to the Central Bank of Venezuela, inflation in August reflected a slowdown, reaching 8.9 %.
"This is the second lowest monthly variation reported by the issuing entity in 2016, only behind the 6.3 % recorded in May, and marks a…
Chevron to double oil production in Venezuela
Chevron's $7 billion investment plan in Venezuela aims to double oil production. The goal is to reach 600,000 barrels per day in five years in the Orinoco Belt.
This move is crucial for the Venezuelan oil industry. Chevron's decision comes…
OFAC issues licenses easing sanctions on Venezuela’s mining sector
On September 2, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) issued General Licenses 51D, 54C, and 55A, which ease sanctions applied to the coal and minerals industry in Venezuela, including gold.
The…
Let’s clarify what an IP address is, what it is used for, and how you can protect it
An IP address is a set of numbers that identifies a device connected to the internet and functions as a digital address, similar to a postal code for a residential address, pinpointing exactly where information should be delivered.…
Venezuela ready to attract Investment and boost exports
Venezuela's Vice Minister of International Trade, Marynna Saatdjian, met this week with the Brazilian Ambassador Gilvania Maria de Oliveira, the Chargé d'Affaires of the European Union Pierre-Henri Helleputte, and the commercial attachés of…
Venezuela advances in crypto adoption, but lags behind in financial integration
Venezuelans are turning to cryptocurrencies as a hedge against the devaluation of the bolivar and the difficulty of obtaining dollars. However, this trend is not aligned with key areas that remain underdeveloped, such as the integration…
Venezuela-United States oil agreement seeks to boost production and investment
The governments of Venezuela and the United States announced on Friday, August 28, the signing of a historic agreement for the United States to control 65 billion barrels of proven Venezuelan crude oil reserves for 25 years, as clarified by…
Venezuelan Government guarantees food supply in the face of contingencies
The Minister of People's Power for Food, Carlos Leal Tellería, indicated that Venezuela has the capacity to stock shelves with food, guaranteeing supply for almost four months, following the June 24 earthquakes and the arrival of the Super…
Japan to seek other crude oil suppliers
Japan announced on Wednesday, August 26, a plan to diversify its crude oil sources in order to reduce its dependence on the Strait of Hormuz. The plan includes working with Middle Eastern countries to build pipelines.
According to the…
Bancamiga connects Amazonas to the financial future
To promote banking services in Puerto Ayacucho, Amazonas state, Bancamiga carried out an operation that integrated 477 transportation workers into the financial system, consolidating significant progress in financial inclusion and the…
European gas reserves at their lowest level in years
Recent data from Gas Infrastructure Europe shows the continent is facing its lowest gas reserve levels, raising concerns about replenishing inventories for the winter.
The European Union has two crucial periods for gas supply each year:…