In a significant turn in economic policies, the Argentine government presented a legislative proposal to modify the treatment of cryptocurrencies in the country. The initiative seeks to incentivise the declaration of holdings of crypto assets by proposing a 15% to 5% reduction in the corresponding…
Read More...
Browsing Tag
devaluation
Argentine government devalued the currency by 50 %
In a drastic economic turnaround, last Tuesday, the government headed by Javier Milei devalued the national currency by more than 50 %, setting the official exchange rate at 800 pesos to the dollar, compared to 391 at the close of the…
Dollar in Argentina continues to rise
On October 4, the various dollar quotes that coexist in Argentina reached historical records. In particular, the parallel or "blue" dollar, which savers turn to due to restrictions on acquiring foreign currency in the official market,…
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…
Devaluation of the bolivar against the dollar in the first semester was 37.34 %
The rise of the US dollar in Venezuela only accentuates the devaluation of the bolivar, the local currency, which has lost 37.34 % of its value between January and June.
On Friday, the official dollar rate, according to the Central Bank of…
The bolivar has suffered a devaluation of 44 %
Taking as a reference the value of the dollar for mid-September, located at 8.02 bolívares, a devaluation of the Venezuelan currency is estimated at 40 %.
The US currency, on the other hand, has shot up in the market, leading to a 3 %…
Investing in crypto can help face currency devaluation
Investment company Contrarian Horizon Kinetics is suggesting to investors that crypto assets will enable them to meet progressive economic challenges around the world. This company, valued at $ 7 billion, recently reported that land and…
Education as a tool to promote financial inclusion
Financial and technological education has been one of the topics recently discussed during the First Online Latin America Fintech Marathon, organized by the Sociedad Venezolana de Fintech y Nuevas Tecnologías (Fintech Venezuela). Carmen…
Access to dollars in Argentina is increasingly difficult
The Argentine peso has registered a significant loss in value. In addition to this, citizens face greater difficulties in obtaining dollars. Argentina is at a critical moment in economic matters.
The measures taken by the Central Bank of…
Money suffers a continuous devaluation from which people must protect
The manager of corporate finance and investment strategies of Intelinvest, Jorge Kamenar, explains that it is important to distinguish high inflation and differentiate it from a hyperinflationary process. The specialist adds that although…