In the period from January to November last year, Brazil experienced a 36% decrease in Foreign Direct Investment (FDI), reaching 52.716 million dollars, according to data from the Central Bank. Equity holdings fell by 22.8%, while lending operations between parent companies and subsidiaries…
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central bank
Brazil’s economy contracted in September
In a recent report, the Central Bank announced that Brazil's economic activity experienced a contraction of 0.06 % in September compared to the previous month, reaching its lowest point since January. The monthly index of economic activity,…
Venezuela’s accumulated inflation reached 158.3 % in September
Inflation in Venezuela during the month of September was 8.7 %. This was announced this Friday by the country's Central Bank, adding that the accumulated inflation was 158.3 % and the interannual inflation was 317.6 %.
According to the…
Colombia forecasts economic growth and inflationary challenges
The Colombian Government has released its calculations regarding the expected increase in the country's Gross Domestic Product (GDP) for this year, setting the estimates between 1.8% and 2%, as reported by Europa Press on August 17, 2023.…
Argentine peso is devalued after Milei’s victory in the primaries
This Monday, the Argentine peso devalued 22 % after the impact on the country due to the victory in the primary elections of the far-right Javier Milei.
For some analysts, the fall in the local currency is not a surprise, taking into…
Switzerland works on new wholesale CBDC project
The Central Bank of Switzerland would be working on a wholesale CBDC, backed in Swiss francs, and with the support of Six Digital Exchange.
The information was released at the recent event in Zurich, Point Zero Forum, by the entity's…
Venezuela seeks to integrate into Russia’s Mir payment system
The Central Bank of Venezuela is in the process of integrating into the Mir payment system, developed by Russia and widely used in several countries around the world, the Central Bank of the Latin American country announced in a statement.…
Argentina seeks to boost tourism with a new exchange rate for electronic payments
The Central Bank of the Argentine Republic (BCRA) issued a press release on May 4, 2023, in which it announced a new exchange rate for tourists making electronic payments in foreign currency as of May 5.
Currently, in Argentina, there is…
Venezuela requires a new wage setting system
The economist Luis Oliveros has indicated this Monday, after no adjustment was made to the workers' wages, that in Venezuela a new system is required to set the amount earned by the working mass in the country.
According to Oliveros, it is…
The United Arab Emirates to issue its CBDC
A recent announcement on digital finance in the United Arab Emirates reported notable progress in launching a CBDC, as a further step towards digital payments.
The Board of Directors of the Central Bank of the UAE indicated this Sunday in…
Nigeria studies recognizing cryptocurrencies as investment capital
Nigeria has its digital currency (CBDC), called eNaira. Now, the West African country is studying a bill through which cryptocurrencies could be declared as capital for investment.
The announcement was made this Sunday, by the local…
CBV injected another $30 million into the national banking sector
The Central Bank of Venezuela carried out a new intervention in the banking sector on December 2, after injecting another $30 million.
With this new amount, placed in the national bank, they total about $95 million, after two previous…