The president of the Central American Bank for Economic Integration (CABEI), Dante Mossi, inaugurated the LXI Board of Governors of the Bank, where he indicated that the year 2020 was not only a pandemic and natural disasters, but "it was also a year in which CABEI strengthened and consolidated its…
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Central America
Sending remittances in Central America could suffer changes related to bitcoin
The process of adopting bitcoin as an ongoing currency for El Salvador could have great repercussions on the way remittances are being carried out in that country.
The Central American Bank for Economic Integration (CABEI) made its…
IMF talks about El Salvador’s Cryptocurrency Law
The International Monetary Fund (IMF) recently issued a series of warnings against El Salvador, regarding the adoption of bitcoin as a national currency.
The financial adviser and director of the agency's marketing department, Tobias…
Use of bitcoin in El Salvador will be voluntary
The president of El Salvador, Nayib Bukele, assured that the use of bitcoin in the country will be voluntary after giving details about the Bitcoin Law, with which he hopes that the country will become the first in the world to adopt…
IMF will meet with authorities of El Salvador
The International Monetary Fund (IMF) announced that it will hold a meeting with the authorities of El Salvador to discuss the new economic policy, which would accept bitcoin as legal tender.
According to the IMF spokesman, Gerry Rice,…
El Salvador Congress approves bitcoin as legal tender
This Wednesday, June 9, the Congress of El Salvador approved a law that will convert bitcoin into legal tender in this nation. The initiative was approved with the votes of 62 deputies of the 84 in Parliament and will enter into force 90…
Costa Rica joins the OECD
Costa Rica has formally become the thirty-eighth member country of the Organization for Economic Cooperation and Development (OECD) and the fourth country in Latin America and the Caribbean to join the institution after Mexico, Chile and…
IMF allocation to Honduras will increase
The International Monetary Fund (IMF) and Honduras reached an agreement at a technical level on the fourth review of the Economic Program under the Credit Facility Agreement (Stand-By), by which it will be proposed to increase the level of…
Bukele says Claver-Carone will be a “great ally” for development
The president of El Salvador Nayib Bukele pointed out this Saturday, September 12, that the new president-elect of the Inter-American Development Bank (IDB), the American Mauricio Claver-Carone, will be a “great ally” for the countries of…
Google launches an interactive platform for children in Central America
The main subsidiary of the American multinational Alphabet Inc, Google, has launched the innovative YouTube Kids platform on the technology market, a social network aimed at sharing educational content with the children, willing to provide…
Nicaragua issues new banknotes in the midst of economic crisis
Nicaragua recently announced the issuance of new bills that will be incorporated into the national financial system starting next July 8. The Central Bank of Nicaragua (BCN) has just issued 500 and 1,000 córdobas bills - the national…
Costa Rica leads best minimum wage ranking in Latin America with the
Wages in America tend to have many variations from one country to another as demonstrated in the annual report entitled "Labor market and minimum wage 2018/2019", which was prepared by the Ministry of Labor and Social Security (STSS) from…