The Venezuelan Banking Association (AVB) issued Circular No. 188, informing that, starting May 1st, the Central Bank will cease processing checks through the electronic clearinghouse (CEE).
According to the AVB, a new system will be established: validation and collection will be done directly at…
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central bank
Chile’s Central Bank announces 2.5 % economic growth in 2025
During 2025, Chile showed economic growth of 2.5 %. This is reflected in the National Accounts report published last week by the country's Central Bank.
With data up to the fourth quarter of last year, moderate growth is evident, but it…
Brazil’s Central Bank to cut interest rates in March
Brazil's Central Bank would implement an interest rate cut, currently at 15%, starting in March if the projected inflation rate for 2026 of 3.0 % is maintained.
During the recent meeting of the Monetary Policy Committee (Copom), in the…
Chile’s economy grew 2.5 % in April
In its most recent Monthly Index of Economic Activity (Imacec), the Central Bank of Chile reported economic growth of 2.5 % in April.
This percentage is above the estimates from the latest Economic Expectations Survey (EEE), which…
Venezuela’s Central Bank received a ton of gold bars to increase reserves
Venezuelan President Nicolás Maduro announced the delivery of a ton of gold bars to the Central Bank to strengthen reserves.
Maduro stated: "Venezuela is already producing, following the most rigorous international standards, gold bars for…
Morocco moves forward in adopting cryptocurrencies
Morocco is studying the legal inclusion of cryptocurrencies in its financial system, which would allow citizens to use them on a daily basis.
In this advance in the legalization of cryptocurrencies, the country's central bank, Bank Al…
Inflation in Venezuela for the month of August was 1.4 %
The Central Bank of Venezuela reported this Monday, September 9, the inflation rate for the month of August, which closed at 1.4 %, while the accumulated rate reached 11.2 %.
According to the regulatory entity, the largest increase in…
Investment in Brazil fell 36% between January and November
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…
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…